Corporate Defaults, Globally and in the U.S., Set a Record in 2009
Here's a stark indicator of just how bad the global credit crunch and resulting Great Recession have been: Corporate defaults globally totaled 265 in 2009. That's the most ever ever, topping even the 229 defaults recorded during the last recession in 2001. These figures are in a report issued Friday by credit ratings firm Standard & Poor's, which also says U.S. companies set a default record as well: 193, up from 96 in 2008. At least now, with 2009 in the rear-view mirror, S&P forecasts significantly improved levels of default risk for 2010. Continue reading Corporate Defaults, Globally and in the U.S., Set a Record in 2009 Corporate Defaults, Globally and in the U.S., Set a Record in 2009 originally appeared on DailyFinance on Fri, 08 Jan 2010 13:20:00. Filed Under: Economy Permalink | Tweet this! | Comments
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here