Reported 1 day ago
Moody's Ratings has increased its default forecast for the year to 3.1% for speculative-grade companies, up from 2.5%, citing escalating global trade wars that could hinder economic growth and financing conditions. Although this represents a decrease from last year's default rate, the firm warns that without significant negative shocks, rates could potentially rise to 6%. The outlook involves a broad reassessment of credit risks across various sectors.
Source: YAHOO