|
Moody's reported that its trailing 12-month global speculative-grade default rate stood at 4.5% at the end of July 2025 (preliminary results), up from 4.4% in the previous month. Its baseline scenario sees the global default rate declining to 3.6% in December 2025. Moody's puts the global historical average default rate at 4.2%. The U.S. speculative-grade default rate stood at 5.8% in July. Moody's baseline scenario sees the U.S. default rate decreasing to 4.3% in December 2025. For comparison, in January, Moody's estimated that the global and U.S. speculative-grade default rates would decline to 2.6% and 2.7%, respectively, by December 2025.
|
|
Posted on Tuesday, August 26, 2025 @ 9:12 AM
|