There were no high-yield defaults in October, bringing the 12-month default rate down to 1.9%,...

|By:, SA News Editor

There were no high-yield defaults in October, bringing the 12-month default rate down to 1.9%, reports Fitch, but don't be surprised to see a mini-surge in the year's last two months as 5 are already in the pipeline. The easy funding environment has allowed issuers to refinance - helping the default rate in the short run - but at some point, business needs to get better.