NEW YORK, June 29 (Reuters) - Record-breaking issuance of high-yield bonds, especially from very low-rated borrowers, could push the U.S. default rate to 7 to 8 percent over the next two years or so, financier Wilbur Ross said on Wednesday. "We're in for a very big upturn in default rates and distressed activity in general, starting not so far into the future," said Ross, speaking at a distressed debt conference in New York sponsored by the Strategic Research Institute. Known as the ...
Premium Content (PAID Subscription Required)
""Bankruptcy king" Ross sees big rise in defaults" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642
Current subscribers, please login or CLICK for support information.