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ABN's Ballard Says Corporate Default Rates to Peak at 6%: Video

ABN's Ballard Says Corporate Default Rates to Peak at 6%: Video

Simon Ballard, macro credit strategist at ABN Amro Asset Management, talks with Bloomberg's Mark Barton and Sarah Walker in London about the outlook for volatility in the credit markets and default rates on corporate debt. Financial firms have disclosed almost $190 billion of losses and writedowns because of the credit crisis triggered by the subprime-mortgage collapse. Banks have forced at least six hedge funds totaling more than $5.4 billion to sell holdings by raising borrowing rates. (Source: Bloomberg)

Bloomberg | March 11, 2008Watch more videos from Bloomberg

Tags:. .markets. .because. .corporate. .rates. .management

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