Fitch: U.S. High Yield Default Slips in February

Fitch reported that the U.S. high yield par default rate at the end of February slipped modestly to 1.8%, mostly due to the market’s larger size.

Below-Average High-Yield Default Rate to Persist Into 2013

Fitch Ratings is projecting a U.S. high-yield par default rate of 2% in 2013, in line with 2012 activity.