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S&P: 2016 Global Corporate Default Tally 50% Ahead of 2015 Pace

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The global corporate default tally has increased to 118 in 2016 after U.S.-based metals and mining company American Gilsonite missed an interest payment this week, according to S&P Global Fixed Income Research.

The default tally is now 51% ahead of the pace established last year.

Of course, the energy/natural resources sector is the largest contributor of defaults this year, comprising roughly 57%. The bulk of entities defaulting – 76% – are domiciled in the U.S. – Tim Cross

This chart is taken from analysis available to S&P Global Credit Portal subscribers. It also details speculative-grade default rates (energy vs. all), defaults by region, and a YTD list of defaults (with an xls for each chart). It was written by Diane Vazza, Sudeep Kesh, and Nicole Serino

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