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S&P Credit Research656 word report
published Nov 03, 2009
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S&P Credit Research
| Abstract: | These salient points emerged from the third-quarter 2009 default update and rating transitions report: Globally, 57 companies (50 public and seven confidentially rated) defaulted in the third quarter of 2009, bringing the year-to-date total to 225. In the first nine months of the year, the number of global defaults exceeds the total for 2008, and it's on track to eclipse the previous high of 229 in 2001. The volume of rated debt affected by defaulters in the third quarter was $126.9 billion, with the U.S. region (the U.S., Bermuda, and the Cayman Islands) accounting for nearly 82%. Of the 57 defaults in the third quarter of 2009, 44 were domiciled in the U.S., seven were from Europe, three were from
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| Brief Excerpt: | You are not entitled to view this Article. For technical support, please contact your help desk. Published by Standard & Poor's Financial Services LLC, a subsidiary of The McGraw-Hill Companies, Inc. Executive and Editorial offices:...
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| Report Type: | Commentary
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| Sector: | Global Issuers, Public Finance, Structured Finance
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| Free Sample: |
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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.
