The coronavirus had dragged the companies in red zone due to shut down of economy during first half of 2020. The number of company either defaulted or bankrupt were very large during this period. But, now number of default events are down that shows recovery of economy.
We have study rated companies default from US and Europe for our analysis. And found oil and gas sector reported highest number of default cases followed by Retail and Services.
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Default and Bankruptcy - Drop in number
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