S&P Says ‘Wave Of Defaults’ Expected In 2012 As Interest Rates Rise
thestatedtruth.com | December 2, 2010
That’s why they call these types of high yield high risk bonds ,” Junk Bonds”……  High-yield, or junk, debt is rated below BBB- by S&P and an equivalent Baa3 by Moody’s Investors Service. So the governments of the world take interest rates down to current ultra low levels and leave them there for a prolonged period, forcing […]