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S&P Credit Research1505 word report
published Apr 28, 2009
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S&P Credit Research
| Abstract: | Highlights from this month's report are: The number of global weakest links increased to a record high of 300 as of April 22, 2009, as eroding credit quality leads to lower ratings and more entities with negative outlooks or with ratings on CreditWatch with negative implications. This is the 14th consecutive month that has seen an increase in weakest links. The 300 weakest links have combined rated debt worth $485.75 billion. By sector, media and entertainment, retail and restaurants, and forest products and building materials were the most vulnerable, with the highest concentrations of weakest links. Corporate defaults continue to rise rapidly in 2009. Through April 22, 2009, 92 issuers defaulted, affecting debt worth $243.95 billion. By comparison, 126 defaults
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| Brief Excerpt: | RESEARCH Ratings Definitions Default, Transition, and Recovery: Global Bond Markets' Weakest Links And Monthly Default Rates Publication date: 28-Apr-2009 Global Fixed Income Research: Diane Vazza, Managing Director, New York (1)...
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| Report Type: | Commentary
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| Sector: | Global Issuers, Public Finance, Structured Finance
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
