17 Sep 2019|Moody's Investors Service
The current US economic expansion, now in its 11th year, is the longest in American history. As growth slows and credit risks rise, market participants are increasingly interested in the potential length and severity of the default cycle in the next recession.
10 Sep 2019|Moody's Investors Service
Four rated corporate issuers defaulted in August, bringing the total default tally to 56 so far this year. The August tally included two defaulters in the Energy sector, which has had 16 defaults since January, making it the year's most troubled sector, followed by Retail, with seven defaults.
Nonfinancial Corporates – US: As low-rated spec-grade universe expands, more rated companies will likely default or be downgraded in the next downturn
09 Sep 2019|Moody's Investors Service
Although we do not expect a US recession in 2019 or 2020, the number of defaults and downgrades of rated US nonfinancial companies will likely hit a record high when the next recession does occur. The increase will result from a sharply higher tally of issuers with low corporate family ratings and loan ratings.
06 Aug 2019|Moody's Investors Service
This study analyzes the credit and ratings performance of Moody's-rated infrastructure securities from 1983-2018. In aggregate, infrastructure debts have been less likely than nonfinancial corporate issuers (NFCs) to incur credit losses, especially over longer horizons.