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Moody’s global speculative-grade default rate up to 2.3% in February
By Caroline Salls
Pittsburgh, March 17 – Moody’s Investors Service’s trailing 12-month global speculative-grade default rate closed at 2.3% in February, up from January’s revised rate of 2.1%, according to a news release.
The latest reading came in close to the rating agency’s prediction of 2.6% made a year ago.
Moody’s said it now predicts that the default rate will end 2015 at 2.5%. If realized, the rate will be well below the historical average of 4.5%.
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