09.01.2014 18:54:00

Moody's: Global spec-grade corporate default rate ends 2013 at 2.6%

New York, January 09, 2014 -- Moody's trailing 12-month global speculative-grade default rate came in at 2.6% in the final quarter of 2013, down from 3.0% in the prior quarter and close to the rating agency's year-ago forecast of 3.0%, Moody's Investors Service says in its monthly default report. A total of 62 Moody's-rated corporate debt issuers defaulted last year, with nine defaulting in the fourth quarter.

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