Moody's: Latin American defaults have been steady

New York, October 07, 2014 -- The default rate for corporate debt issuers in Latin America has increased only slightly in the last year and is forecasted to remain steady through June 2015, says Moody's Investors Service. Specifically, for the 12-month period ending June 2014, the speculative-grade issuer-weighted default rate for Latin American corporates was 3.2%, up slightly from 3.0% for the comparable period last year, according to the report "Latin American Corporate Default and Recovery Rates, 1990 to June 2014." This is higher than the global default rate during this period, which has been 2.3 %.

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