S&P: 91 Corporate Defaults So Far This Year, Up From 54 YTD 2015

global corporate defaults YTD

There have been 91 corporate defaults so far in 2016, the most at this point in a year since 2009 – when there were a whopping 170 defaults – according to S&P Global Fixed Income Research.

The first-half 2016 tally is up from 54 in the first half of last year.

Of the 91 defaults, 60 were based in the U.S., with 16 from emerging markets, S&P says. Thirty-five of the issuers defaulted due to missed interest payments while 24 defaulted because of distressed exchanges.

The full analysis is available to subscribers here, via S&P’s Global Credit Portal. It was written by Diane Vazza and Sudeep Kesh.

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