S&P Credit Research



Title:

Default, Transition, and Recovery: U.S. Credit Comment: The Bust After The Boom (Premium)

Price:$500.00
Publication Date:May 07, 2008
Report Type:Commentary
Abstract:Mounting defaults in 2008 come as hardly surprising, overdue if anything. Years of an accommodative economic and financial environment have emboldened many entities to adopt more aggressive financial policies to spur growth amid increased domestic and global competition. For the most part, this worked flawlessly during the boom years, with strong earnings prompting even more leverage and risk-taking among corporates. As economic conditions deteriorated, however, and volatility in the financial markets protracted, corporate casualties began to emerge at a rate unseen in years. Defaults so far this year have been brisk, reaching 28 entities (including four confidentially rated), affecting debt worth $18.4 billion (see table). This already exceeds the 22 defaults in all of 2007 affecting debt worth $8.1 billion
Brief Excerpt:You are not entitled to view this Article. For technical support, please contact your help desk. Published by Standard & Poor&#39s, a Division of The McGraw-Hill Companies, Inc. Executive offices: #### Avenue of the Americas, New York,...
Word Count:296
Sector:Global Issuers, Structured Finance, Public Finance, Financial Institutions, Insurance, Sovereigns, Corporations, International Public Finance, Utilities, Servicer Evaluations, Asset-Backed Securities, Collateralized Debt Obligations, Real Estate Companies, Asset-Backed Commercial Paper, Commercial MBS, Residential MBS
Format:HTML HTML
Free Sample: Click Here to Download

Enter the keyword(s) which you would like to search for within this document and click "Search"

 
Purchase Report
Price: $500.00

Looking For Something Else?


S&P Credit Research

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.

  about us | contact us | public company index | private company index | pcan | widget | your privacy rights | terms & conditions  

Copyright © 2008 Alacra, Inc., 100 Broadway, Suite 1100, New York, NY 10005. All rights reserved.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.