New York, June 09, 2016 -- Moody's trailing 12-month global speculative-grade default rate closed at 4.5% in May, surpassing its long-term average of 4.2% for the first time since August 2010, according to its latest global default monitor. Moody's expects the rate to finish 2016 at 4.9%, and thereafter for upward default rate pressure to ease off.

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