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Published on 9/1/2015 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily, Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

S&P: U.S. speculative-grade default rate hits estimated 2.4% in August

By Caroline Salls

Pittsburgh, Sept. 1 – Standard & Poor’s estimated that the U.S. trailing-12-month speculative-grade corporate default rate increased to 2.4% in August, the highest default rate since 2013, according to a report released Tuesday.

S&P said Alpha Natural Resources Inc., ASG Consolidated LLC, SandRidge Energy Inc., Samson Resources Corp., Wilton Holdings Inc., SAExploration Holdings Inc. and Halcon Resources Corp. each defaulted in August.


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