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S&P December U.S. junk default rate holds steady at estimated 2.8%
By Caroline Salls
Pittsburgh, Jan. 4 – Standard & Poor’s estimates that the U.S. trailing-12-month speculative-grade corporate default rate remained flat at 2.8% in December, according to a news release.
S&P said the default rate has not been higher since 2012.
The ratings agency said Swift Energy Co., Getty Images Inc., Magnum Hunter Resources Corp. and Arch Coal Inc. all defaulted in December.
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