Report title: The Rising Corporate Default Wave
from Fitch Research
10 page (4675 word) report published Oct 22, 2008

Price $165.00 available for immediate download
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...The critical supports of the benign U.S. high yield corporate default environment that existed prior to the summer of #### have de teriorated at an alar ming pace in ####. The events of the past several months alone, including the failure of major U.S. financial institutions and the unprecedented level of government intervention undertaken to restore confidence in the U.S. banking system , have added further stress to an already perilous situation for speculative grade borrowers. Fitch believ es that the toxic combination of economic and funding pressures has set in motion the beginning of the next cyclical peak in high yield corporate de faults. In fact, a surge in corporate defaults has already taken place. The par value of U.S. high yield bond defaults alone has increased to $## billion year to date throug h September from $#.# billion for all of ####, and including bonds affected by Lehman Brothe rs Holdings Inc. s bankruptcy filing and Washington Mutual Inc. s collapse,...

Report Type: Credit Market Research
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Price: $165.00



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