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Moody’s Warns of 30% Rise in Commodity Based Company Bankruptcies in 2016

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Lobo
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Moody’s Warns of 30% Rise in Commodity Based Company Bankruptcies in 2016

Post by Lobo on Wed 02 Mar 2016, 1:36 pm

The commodity industry is bracing for a high year of bankruptcy and default filings that will impact mining and metals along with oil and gas. Moody’s has also warned of global speculative-grade corporate defaults that will increase by more than 30% in 2016, reaching the highest level since 2009. Those interested in mining shares should pay close attention to what they are buying. Until gold crosses that key resistance, we still have only a typical three-month reaction. A rally must extend beyond March to be impressive.
https://www.armstrongeconomics.com/international-news/north_america/americas-current-economy/moodys-warns-of-30-rise-in-commodity-based-company-bankruptcies-in-2016/

    Current date/time is Fri 23 Jun 2017, 3:46 am