S&P's distressed-debt ratio, which measures the number of junk-rated issues that trade 10...

|By:, SA News Editor

S&P's distressed-debt ratio, which measures the number of junk-rated issues that trade 10 percentage points or more above Treasurys, climbed to 12.3% from 9.4% in May. Of the $72B in distressed debt, media & entertainment, high tech, and oil and gas E&P sectors account for 59%.