Get more! Sign up for PLANSPONSOR newsletters.
Administration January 12, 2002
S&P: Defaulted Corporate Debt Doubles
December 13, 2001 (PLANSPONSOR.com) - The $107
billion in defaulted corporate debt racked up through
December 7, 2001 was more than double that for all of 2000,
according to Standard and Poor's.
Reported by Fred Schneyer
S&P said the 2001 debt from 196 issuers compared to $42.3 billion from 117 issuers during 2000. Finalized figures are expected to be available by early 2002.
Default totals through December 7 include:
- United States – 156
- Argentina – 11
- Canada – 9
- United Kingdom- 5
- Australia – 3
There was one default in Bermuda, Germany, Greece, Indonesia, Korea, Mexico, the Netherlands, Norway, the Philippines, Poland, Russia, and Thailand.
You Might Also Like:
« Balances Drop, But Participation, Contributions Hang Tough: Fidelity Survey