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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Distressed And Defaulted Debt as a<br />
Percentage <strong>of</strong> High Yield And Defaulted<br />
Debt <strong>Markets</strong><br />
50%<br />
45%<br />
40%<br />
Defaulted<br />
Distressed<br />
1990 – 2006<br />
35%<br />
30%<br />
25%<br />
20%<br />
15%<br />
10%<br />
5%<br />
0%<br />
27.6%<br />
13.8%<br />
17.4%<br />
26.1%<br />
7.5%<br />
15.2%<br />
5.5% 9.4%<br />
6.9%<br />
2.8%<br />
2.1%<br />
4.6%<br />
31.0% 22.0% 21.0%<br />
7.0%<br />
13.0%<br />
4.7%<br />
3.4% 4.1%<br />
1.5%<br />
19.0% 17.9%<br />
13.9% 14.1% 13.4%<br />
1990 1992 1993 1995 1998 1999 2000 2001 2002 2003 2004 2005 2006<br />
Public deals only.<br />
Source: Citigroup Estimates.<br />
29
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