US Corporate Defaults Already Higher Than 2008 Total

" A record total of 82 US nonfinancial companies defaulted during the second quarter, led by 16 in the media and entertainment sector, 15 in autos, and 15 in natural resources. These 82 defaults accounted for a collective $254 billion in outstanding debt, dramatically overshadowing the 30 defaults totaling $52.9 billion in debt during the first quarter. By contrast, for all of 2008, 69 issuers defaulted on about $102 billion in debt."