Late Stage Credit Data Healthier Than Prior Cycles; Defaults to Remain Low
Banking & Financial Services / United States / Mon 04 Jun, 2018
As the credit cycle enters its late stage, key metrics are stronger than before the start of prior recessions, pointing towards a lower expected default rate in the near term.
"We're seeing better trends when compared to the 2001-2002 and 2008-2009 recessions," said Eric Rosenthal, Senior Director of Leveraged Finance. "The high yield default rate