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Fitch Fundamentals Index Remains Neutral Despite Rising High-Yield Defaults

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CHICAGO--(BUSINESS WIRE)--The Fitch Fundamentals Index (FFI) remained in neutral territory during second quarter 2015 (2Q15) as an uptick in mortgage performance and transportation trends offset pressure from corporate defaults, lower high yield recoveries and lower EBITDA forecasts, says Fitch Ratings. The FFI's corporate default rate component score fell to -5 in 2Q15 from neutral in 1Q15. 'The elevated default rate, while still far short of the crisis-level peak, is directionally important,

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