JUST IN: Corporate Defaults Are At Their HIGHEST Level Since The Global Financial Crisis 🤯 Credit rating agency S&P Global has released new data that shows that corporate defaults in August were the worst since 2009. The global corporate default tally jumped to 107 as of Aug. 31, 2023, with 16 defaults in August.They now expect the U.S. and European 12-month trailing speculative-grade default rates to continue to rise from current levels to 4.5% and 3.75% respectively, by June 2024.$800 billion of investment-grade, high-yield and leveraged loans are maturing in 2024 which will need to be refinanced at higher interest rates according to Goldman Sachs.Interest rates are now beginning to bite.Warning.#markets #investing #invest #finance #trading #business #tech #technology
