Credit Outlook Still Negative but Improving According to Latest IACPM Forecast; Rising Defaults Seen in North America, Europe, Asia and Australia; Mixed Outlook for Credit Spreads

New York, NY – Respondents to the latest IACPM Credit Outlook Survey are still negative about future credit conditions but less so than in previous surveys. The outlook for corporate credit defaults is negative -27.5, which indicates more partici-pants expect defaults to rise rather than fall, but, at the same time, that is down from minus -56.0 in the last survey taken this past December.