Rise in European defaults
Although yield-hungry investors have snapped up high-yield bonds in droves, it may not be best to follow their path
For the first time since 2007 none of the corporate issuers rated by Moody’s defaulted during the month.
But managers of high-yield fixed-income funds suggest that investors be cautious in 2011
Rating agency expects continued stability in 2011
The global speculative-grade default rate dropped to 3.3% in November, down from 3.7% the previous month, Moody’s Investors Service said Tuesday.In a new report, the ratings agency said that a year ago the global default rate stood at 13.6%. It sees it falling further from here in the months ahead. Moody’s default rate forecasting model […]
Canadian firm’s responding to increased appetite for speculative-grade debt
Default expectations remain stable
Corporate bonds, high yield debt offer opportunities