Friday, June 15, 2007

UPDATE 1 - Global junk bond default rate falls in May

(Reuters) - A strong global economy and easy financing conditions have
helped keep global defaults below their long-term average of
4.48 percent, S&P said in a statement.




The U.S. default rate also fell marginally to 1.44 percent
in May from 1.45 percent in April but should edge up to about
2.3 percent by the end of the year, S&P said.


Read more at Reuters.com Bonds News

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