The default rate on junk-rated debt slid to 5.5% in July, continuing a streak of declines since...

|By:, SA News Editor

The default rate on junk-rated debt slid to 5.5% in July, continuing a streak of declines since the start of the year. The 12-month trailing rate is down from a high of 11.3% in November, and 5.93% at the end of June, but still higher than the long-term average of 4.6%.