With No Defaults In August, Loan Default Rate Drops To 5-Month Low
- Wednesday, September 3, 2014, 11:27
- Entrepreneurs
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With no defaults in the S&P/LSTA Leveraged Loan Index in August, the lagging-12-month default loan rate by principal amount fell to a five-month low of 3.61%, from 3.89% in July. Of course, that number is inflated by Energy Future Holdings’ massive $19.5 billion default, from April. Excluding EFH, the rate by amount eased to just 0.44% in August, from 0.62% in July.
http://www.forbes.com/sites/spleverage/2014/09/03/with-no-defaults-in-august-loan-default-rate-drops-to-5-month-low/
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