S&P Says ‘Wave Of Defaults’ Expected In 2012 As Interest Rates Rise

| 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 […]

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