Significantly fewer corporate bond defaults occurred this year than last, according to early figures released yesterday by Moody's Investors Service.

The default rate for speculative-grade issuers in 1992 will likely finish at 3.9%, far below the 9.7% rate in 1991, Moody's said in a release.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.