In a May 29 report Standard & Poor's has said it expects the trailing 12-month default rate for U.S. speculative-grade (that is "junk" debt rated below investment grade) corporate debt to rise to 12.5% by March 2021. The 12-month trailing default rate was 3.5% in March 2020. To reach that baseline, 233 speculative-grade companies would […]
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