Reuters: Bankruptcy News: STXNEWS LATAM-Brazil corporate defaults fall in June-Serasa

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STXNEWS LATAM-Brazil corporate defaults fall in June-Serasa Jul 30th 2012, 17:46 Mon Jul 30, 2012 1:46pm EDT Corporate defaults fell 5.7 percent in June from the prior month, reflecting an improving outlook in sales and a decline in borrowing costs, credit research company Serasa Experian said on Monday. On an annual basis, bank and non-bank defaults rose 16.5 percent in the first half -- the fastest pace since 2009, Serasa said. Non-bank defaults rose 18.9 percent from a year earlier, bank defaults such as loans in arrears jumped 23.9 percent, and bounced checks rose 3.7 percent, Serasa said.

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