Forecast encorporates deep U.S. recession
The performance of credit cards in Canada softened slightly in the second quarter of 2008, but showed remarkable stability compared to the performance of credit cards in the United Kindom and the United States, says Moody’s Investors Service in a new report.During the second quarter, the charge-off rate in Canada rose to 3.07%, up from […]
Central clearinghouse could substantially reduce risks, Moody’s says
Number of issuers on review for downgrade doubles
Tighter lending standards and fragile confidence are expected to impact spending heavily
U.S. consumer transportation sector and European durable consumer goods sectors headed for trouble
Moody’s Investors Service reported that global defaults are on the rise, with the global speculative-grade default rate increasing to 2.5% in July from a revised level of 2.1% in June. A year ago, the global speculative-grade default rate stood at 1.5%.The U.S. speculative-grade default rate rose to 3% in July from June’s revised level of […]
Default rates forecast to move up sharply this year
2007’s default count of two was relatively low
Two measures will provide more clarity