Moody’s says Asia Pacific defaulters remain scarce
Moody’s Investors Service says — in a new report — that there has not been a default by a Moody’s-rated issuer in the Asia-Pacific region since 2003.
The report, entitled Default and Recovery Rates of Asia-Pacific Corporate Bond and Loan Issuers, Excluding Japan, 1990 -1H2007, examines the historical credit experience of Asian-Pacific issuers.