Even in the face of the ongoing European debt crisis and a sluggish U.S. economy, Moody's sees...

|By:, SA News Editor

Even in the face of the ongoing European debt crisis and a sluggish U.S. economy, Moody's sees no marked deterioration in credit quality of speculative-grade U.S. companies. Moody’s says its indicators in the sector show benign conditions, projecting the speculative-grade default rate will remain historically low at 2.4% a year from now.