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Moodyâ€™s to release list of companies at risk of default

Moodyâ€™s to release list of companies at risk of default

10 March 2009 16:21 (UTC +04:00)

BakÄ±â€“ APA-Economics. Credit-rating giant Moody’s Investors Service will publish a list of
companies Tuesday that it believes are most likely to default on their debt, according
to a Wall Street Journal report.
Called the "Bottom Rung," the list will comprise of companies with a B3 credit rating or below, whose ratings are negative or being reviewed. A B3 rating is the sixth-lowest rating that Moody’s offers and is considered "junk" status.
Moody’s (MCO), which rates 2,073 companies’ debt, will update its list monthly. This
month, 283 companies will make the list, the Journal reported.
Moody’s believes about 45% of Bottom Rung companies will default in the next 12
months, which could entail a wide range of actions from missing a payment to a lender
to filing for bankruptcy.

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