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S&P: Estimated 1.8% U.S. February default rate unchanged from January
By Caroline Salls
Pittsburgh, March 3 – Standard & Poor’s estimated that the U.S. trailing-12-month speculative-grade corporate default rate was 1.8% in February, unchanged from January, according to a news release.
S&P said the default rate has not been this high since December 2013, when it reached 2.2%, and is expected to rise to 2.5% by Dec. 31, 2015.
According to the release, Altegrity Inc., RadioShack Corp. and Quicksilver Resources Inc. defaulted in February.
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