Moody's: Global Spec-Grade Corporate Default Rate Ends 2012 at 2.6%
New York, January 09, 2013 -- Moody's trailing 12-month global speculative-grade default rate came in at 2.6% in the final quarter of 2012, down from 3.2% in the prior quarter and close to the rating agency's year-ago forecast of 2.9%, Moody's Investors Service says in its monthly default report. A total of 58 Moody's-rated corporate debt issuers defaulted last year, with 10 defaulting in the fourth quarter.
