Risk of Defaults in Distressed Debt Is Climbing, S&P Says – Bloomberg 08-22-14

Salient to Investors:

Diane Vazza et al at S&P said:

  • The US distress ratio of bonds is at 5.4% versus the 3-year low of 4.7% in May.
  • A rising distress ratio is typically a precursor to more defaults when accompanied by a severe and sustained market disruption.

Read the full article at  http://www.bloomberg.com/news/2014-08-22/risk-of-defaults-in-distressed-debt-is-climbing-s-p-says.html

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