March 29 (Reuters) - S&P Global Ratings Credit Research
& Insights said on Wednesday that it expects the U.S.
trailing-12-month speculative-grade corporate default rate to
reach 4% by December, more than doubling the 1.7% default rate
at the end of Dec. 2022.
"If, as we expect, unemployment rises and discretionary
spending erodes, consumer-reliant sectors, which make up roughly
half of borrowers in the ‘CCC’ to ‘C’ categories, will suffer
most, S&P analysts wrote.
(Compiled by the Global Finance & Markets Breaking News team)
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