Given the endless stream of articles in the media
about rising debt related problems in China and other emerging markets, it may come
as a shock to many when they realize that US corporations account for the majority of the debt
defaults that have taken place so far in 2015.
According to the FT:
According to the FT:
“Global debt
markets are on the cusp of an unwelcome development with the number of
companies defaulting on their obligations set to reach the century mark, driven
largely by struggling US shale gas providers. Currently, 99
global companies have defaulted since the year began, the second greatest tally
in more than a decade and only exceeded by the financial crisis which saw 222
defaults in 2009, according to Standard & Poor’s. US companies account for
62 of this year’s defaults.”