2017 Annual U.S. Public Finance Default Study And Rating …
U.S. public finance (USPF) bonds rated by S&P Global Ratings defaulted at their second-highest rate on record and established a new high for the number of defaults in 2017. The overall default rate of 0.09% resulted largely from 14 defaults in Puerto Rico, compared with just six in other parts of the U.S. The disproportionate number of defaults in Puerto Rico mitigates most concerns about general or rising … ................
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