Here is a clip from the oil and energy sector among others things are really ugly in the market right now pretty scary..,
"This is the highest year-to-date level we've seen since 2009 during the
financial crisis when there were 67 defaults," said Diane Vazza, head of
Standard & Poor's Global Fixed Income Research. "Of the 40 defaulting issuers
so far in 2016, 14 are from the oil and gas sector and eight are from the
metals, mining, and steel sector; together, they account for more than half of
all global defaulters."