What to Make of the Credit Cycle (Part 1)
Moody's, Fitch & Guggenheim Partners Chime In
Earlier this week, Moody’s Default and Ratings Analytics team forecasted that the US’ trailing 12-month high-yield default rate will sink to 2% — from its February 2018 3.6% level — by February 2019. That is not a good sign for restructuring professionals itching for an uptick in activity.
FitchRatings chimed …