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Moody’s speculative-grade default rate ends fourth quarter at 2.1%
By Kali Hays
New York, Jan. 16 – Moody’s Investors Service’s trailing 12-month speculative-grade default rate finished the fourth quarter of 2014 at 2.1%, down from 2.2% in the third quarter, according to a news release.
Moody’s said the reading came close to its year-ago forecast of 2.3%.
Moody’s expects the default rate will “increase modestly” in 2015 to 2.7%. The default rate in the U.S. is expected to rise to 2.8% and increase to 2.3% in Europe.
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