DATA REPORT
28 Feb 2020|Moody's Investors Service
We downgraded the ratings of six companies to speculative grade from investment grade in Q4. The global fallen angel rate increased slightly but remained below the historical average.
SECTOR IN-DEPTH
25 Feb 2020|Moody's Investors Service
Migration of speculative-grade ratings during 2019, how these compare with history as well as what they could mean for rating action trends in 2020.
DATA REPORT
11 Feb 2020|Moody's Investors Service
This year began with four defaults in January, which translated into a trailing 12-month default rate of 3.0% for Moody's-rated global speculative-grade issuers. The global rate was unchanged from December 2019 but up from 2.2% in January 2019.
SECTOR IN-DEPTH
30 Jan 2020|Moody's Investors Service
The annual default rate for speculative-grade financial and nonfinancial companies that we rate will edge up to 3.3% in 2020 from 3.0% in 2019 under our baseline forecast. Slower GDP growth, trade tensions and geopolitical issues underpin our forecast. Our forecast also factors in more high-risk issuers compared with a year ago.
SECTOR IN-DEPTH
27 Jan 2020|Moody's Investors Service
The number of defaults for 2019 shot up 69% to 71, compared to 42 for 2018, mainly fueled by oil & gas defaulters. In tandem with this rise, the spec-grade default rate rose to a 2019 high.