A 2% High Yield Default Rate is Projected in 2020
This article was originally published on ETFTrends.com.
According to a new Fitch Ratings report, a 2 percent high yield default rate is projected for 2020 based on a record low 12 percent ‘CCC’ share of issues and only 5 percent of outstanding debt due before 2021. The forecast takes into account continued economic growth, but heightened recession risks. “Fitch expects a 4% [...]