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For-profit colleges have faced increased media and government scrutiny for their elevated default rates on student loans and other issues, which could be why GMI rated Apollo the riskiest company.
"Entering 2003, we expect the global default rate to remain elevated but to decelerate slowly".
Korea's default rate plummeted.
There was a much higher default rate.
"They had a very high default rate".
The default rate is probably peaking now.
The default rate is coming down.
And analysts say the low default rate is deceptive.
American Express assumes the default rate will not improve until 2003.
Currently, 16 percent of borrowers are in default, nearly twice the official default rate.
The default rate for commercial buildings has remained low.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com