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Capital Restructuring | Fourth Quarter 2016

February 2017 – Default rates reported by both Moody’s and S&P reached 5.0%+ during Q3 2016 at 5.4% and 5.0%, respectively. According to Moody’s, default risk will remain higher in the energy sector than in other industries over the next year. Further, Moody’s expects the speculative-grade default rate to climb from 5.4% currently to end the year at 5.9% before declining to 4.1% by Third Quarter 2017.

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