De­faults rise

The Denver Post - - BUSINESS -

Stan­dard & Poor’s says 112 cor­po­ra­tions went into de­fault last year. That’s the most since 2009, but it’s still less than half the to­tal from that year. The oil and gas sec­tor made up more than a quar­ter of the to­tal and the min­ing sec­tor was the next-hard­est-hit. That’s not a sur­prise be­cause en­ergy and me­tals prices plunged in 2015. Most of the com­pa­nies that de­faulted were based in the U.S., but de­faults in emerg­ing mar­kets also in­creased and set their high­est lev­els in six years.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.