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BRIEF-Fitch says U.S. high yield default rate forecast at 3%; energy to 3% in 2017
December 15, 2016 / 4:36 PM / 8 months ago

BRIEF-Fitch says U.S. high yield default rate forecast at 3%; energy to 3% in 2017

Dec 15 (Reuters) - Fitch:

* Fitch says U.S. high yield default rate forecast at 3%; energy to 3% in 2017

* Fitch says expect U.S. high-yield default rate to finish 2017 at roughly 3%

* Fitch says U.S. energy defaults will taper off next year, with a forecast of just 3% compared with current 18.8% November trailing 12-month rate

* Fitch expects healthcare/pharmaceuticals, utilities/power/gas sectors to produce roughly $5 bln of defaults combined next year Source text for Eikon:

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