The chances of default across a majority of U.S. business sectors increased in the second quarter of 2022, according to a new report by S&P Global Market Intelligence.
The study found that every sector, except for the financials, posted a higher median market signal—a one-year probability of default score by the end of the April-to-June period—compared with the first quarter.
Health care topped the list at 7.3 percent, up from 4.6 percent. Communication services ranked second, climbing from 3.2 percent to 4.9 percent. Consumer discretionary inched higher, from 2.5 percent to 3.8 percent. Information technology and consumer staples rounded out the top five, with 2.7 percent and 1.7 percent, respectively….