Moody’s global junk default rate declines slightly to 2.2% in April

By Caroline Salls

Pittsburgh, May 13 – Moody’s Investors Service’s trailing 12-month global speculative-grade default rate closed at 2.2% in April, down from March’s rate of 2.3%, according to a report released Tuesday.

Moody’s said the latest reading came in close to its prediction made a year ago of 2.5%.

The ratings agency said it now predicts that the default rate will end 2015 at 2.6%. If realized, that rate will be well below the historical average of 4.5%.

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