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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