Moody’s: the proportion of defaults of companies will increase in 2019

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Moody’s, international agency, reports: the proportion of defaults among companies with a speculative grade level fell in 2018 to 2.3%. At the end of the third quarter, the indicator was 2.8%. At the beginning of 2019, the downtrend will continue, but by the end of this year the share of companies' defaults will increase to 3%. A slowdown in economic growth, a change in credit conditions and an increase in the cost of loans will foremost affect the growth in number of defaults. Only in December 2018, 10 companies declared defaults, and during the entire fourth quarter - 17 companies. The year 2018 ended with 77 declarations of default, most of the companies worked in the retail and oil and gas industry.

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