WebOct 19, 2024 · However, only 16% of companies rated 'CCC' as of July 2024 defaulted in the subsequent 12 months. This divergence between the percentage of 'CCC' ratings and default rates that occurred in the middle of 2024 is likely due to the abundance of government and central bank support, capital markets' fast rebound, and largely supportive owners--all ... WebMay 13, 2024 · Standard&Poor’s (S&P) — is an international rating agency that analyzes the financial markets and economies of different countries. S&P is one of the three largest rating agencies in the world along with Fitch and Moody's. The agency has been assigning credit ratings to countries, banks, and companies since 1916.
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