Things are as good as they can get in high-yield, with a default rate in 2012 of 1.9%, according...

|By:, SA News Editor

Things are as good as they can get in high-yield, with a default rate in 2012 of 1.9%, according to Fitch, above 1.5% in 2011, but well below the long-term average of 4.6%. Fitch expects the default rate to rise to 2% this year. "The constructive outlook ... is heavily dependent on steady, if not stellar macro conditions." No worries there!