trending Market Intelligence /marketintelligence/en/news-insights/trending/So2GuRDVg6wQvSHKthIlHA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Moody's sees 10.2% default rate for US metals and mining companies post-Brexit

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020

Report Outlooks of Lithium and Cobalt

Essential Metals & Mining Insights July 2020


Moody's sees 10.2% default rate for US metals and mining companies post-Brexit

While the U.K.'s decision to leave the European Union isunlikely to have a significant near-term impact on corporate defaults,continued pressure on commodities prices is driving the default rate higher.

Moody's said July 12 that the speculative-grade default ratefor U.S. metals and mining issuers will reach 10.2% in the coming year, and upto 8.6% for U.S. oil and gas companies.

The wider U.S. speculative-grade default rate hit itshighest level since August 2010 in the second quarter, climbing to 5.1% from4.4% in the first quarter. The default rate isexpected to reach 6.4% by the end of the year.

In Europe, the default rate edged down to 2.4% from 2.5%,with Moody's forecasting a further decline to 1.9% by the end of the year.

Globally, the 12-month speculative-grade default rate closedat 4.5% in the second quarter, up from 4.0% in the prior quarter and 2.5% ayear ago.

Moody's expects that the rate will rise to 4.9% by the endof the year, before falling to 4.2% in a year from now.