Altman Edward I.; Kuehne Brenda J. - In: Journal of Financial Management, Markets and Institutions (2013) 2, pp. 269-296
Defaults in the third quarter of 2013 were $5.13 billion, resulting in a quarterly high-yield bond default rate of 0.37%, higher than the rates both one year (0.24%) and one quarter (0.23%) earlier. However, this continues a trend of low defaults, during which the quarterly default rates were...
