NEW YORK--(BUSINESS WIRE)--Fitch Ratings today published an update of the rating migration and default experience of Fitch-rated global corporate and structured finance short-term ratings through 2014. The low default rate persisted across the corporate finance sector. Fitch Ratings recorded three short-term corporate finance (financial institution and industrial) defaults in 2014. The resulting average 12-month default rate for 2014 was 0.2%, below the 1990-2013 historical 12-month average of