Entries tagged "default rates"
Investors see dark days ahead for corporate America. With consumer spending falling fast and unemployment rising, corporate default rates have already more than doubled in 2008 from the historically record lows enjoyed over the last few years. With plenty of bad news on the horizon, Wall Street isn't waiting to insulate itself as issuance of credit default swaps to hedge against the debt of some of the largest companies in America is taking off. ...
The economic downturn is taking its toll on corporate America, as the default rate has taken off like a rocket this year, nearly tripling since January, according to Standard and Poor's. ...
