Why sovereign default rate spiked in 2017 after 2 decades of low frequency
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After about 20 years of low sovereign default frequency of, at most, two bond defaults of rated sovereigns per year, the default rate picked up in 2017 with four defaults of rated sovereigns. This was disclosed in Moody’s Investors Service Data Report published on Thursday, July 19, 2018. The annual report had update statistics on…
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