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S&P: Global Corporate Default Tally Highest Since 2009

global corporate defaults

With five more defaults last week, the global default tally for 2016 now totals 31 issuers, compared to 25 at this point last year, according to S&P. As is clear in the chart, 2016 has the most YTD defaults since 2009, at the height of the post-Lehman financial convulsions.

Not surprising, oil & gas companies lead the pack re defaults, with 10, according to S&P.

Four of the five defaulting last week were U.S. entities: Peabody EnergyUCI Holdings. American Media, Templar Energy – Tim Cross

 

The full analysis is available to S&P Global Credit Portal subscribers here. It includes downloadable xls files detailing the Global Corporate Default Summary, a full list of global corporate defaults year-to-date, as well as data points backing up the above chart.

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