Current Conditions in Global Credit Markets - NYU Stern School of ...
Current Conditions in Global Credit Markets - NYU Stern School of ...
Current Conditions in Global Credit Markets - NYU Stern School of ...
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New Issues Rated B- or Below as Percentage <strong>of</strong> all New Issues<br />
(1993 – 2006)<br />
50.0%<br />
45.0%<br />
40.0%<br />
35.0%<br />
30.0%<br />
25.0%<br />
20.0%<br />
15.0%<br />
10.0%<br />
5.0%<br />
0.0%<br />
32.0%<br />
28.0%<br />
26.0%<br />
26.0%<br />
22.0%<br />
Source: Standard & Poor’s<br />
1993<br />
1994<br />
1995<br />
1996<br />
1997<br />
38.0%<br />
1998<br />
30.0% 31.0% 21.0%21.0%31.0%<br />
1999<br />
2000<br />
2001<br />
2002<br />
2003<br />
42.5%42.0%42.4%<br />
2004<br />
2005<br />
2006<br />
Source: Standard & Poor’s<br />
11
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