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TEXT-S&P: 2012 global corporate defaults remain at 18
March 1, 2012 / 8:32 PM / 6 years ago

TEXT-S&P: 2012 global corporate defaults remain at 18

 (The following statement was released by the rating agency)	
 March 1 - With no global corporate issuer defaults this week, the 2012
global corporate default tally remains at 18, said an article published today by
Standard & Poor's Global Fixed Income Research, titled "Global Corporate Default
Update (Feb. 23 - 29, 2012)." 	
Of the 18 total defaults this year, 11 were based in the U.S., four in the 	
emerging markets, and three in Europe. Missed payments accounted for eight 	
defaults, bankruptcy filings accounted for three, distressed exchanges were 	
responsible for two, and three defaulters were confidential. Of the remaining 	
defaults, one was due to a notice of acceleration by the issuer's lender and 	
the other was due to the company's placement under regulatory supervision. 	
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 (New York Ratings Team)	

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