Friday, May 11, 2007

Global junk bond default rate rises in April - S&P

(Reuters) - S&P has frequently warned, however, that defaults may rise more sharply in future years because of a raft of issuance of very low rated bonds. In April, 48.7 percent of new junk bonds were rated in the highly speculative ranges of "B-minus" or lower, up from 44.4 percent in March, S&P said.




Read more at Reuters.com Bonds News

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