Media and cable now the riskiest sector-CreditSights

Newswire

NEW YORK, June 29 (Reuters) - Companies in the media, cable and oil and gas sectors are at most risk of default and will help drive overall U.S. junk bond default rates to 12 to 14 percent by year end, CreditSights said in a report. Capital goods, paper and packaging, consumer products, retail, telecommunications and airlines are the other sectors with highest default risk, the report published on Sunday said. While overall default risk has dropped over the past year because the ...

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