Default Risk Falls for US Companies in Q2 on Strong Stocks Rally

A measure of risk of default for US-based publicly traded companies fell in the second quarter as the equity markets rallied, according to S&P Global Market Intelligence.

• Companies in the utilities sector emerged the least vulnerable based on so-called measure of odds of a default within a year, Sean Longoria and Umer Khan wrote in a Thursday note
  • The measure looks at the volatility of share prices for public companies and accounts for country- and industry-related risks
  • The S&P 500 climbed nearly 9% in the period, rising 6.5% in June alone
• Healthcare came up as one of the most vulnerable ...