European High-Yield Default Rate Increased to 2.2% in April, Moody's Says

(Bloomberg) -- The default rate for European high- risk, high-yield borrowers increased to 2.2 percent in April, up from 1.9 percent at the beginning of the year, Moody's Investors Service said in a report today.

The increase ``reflected a small decline in speculative- grade issuers rather than an actual increase in defaults,'' Moody's London-based associate director of corporate default research Andrea Zazzarelli said in the report.


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