The default ratio in China is at least double that commonly found among graduates in other developing countries, the report indicated.

ECONOMIST: Students are struggling to cover their loans

That drop in value caused Plaza Group to trigger the loans' net asset value ratio covenant and default, according to filings made by Plaza Group in bankruptcy court.

FORBES: Magazine Article

If economic growth does not return, deficit reduction proves too painful or interest rates are much higher than we assume, the debt ratio is likely to spiral upwards until default becomes all but inevitable.

ECONOMIST: Bailing out Greece

In previous cycles, a rise in the ratio of downgrades to total ratings changes has been a good predictor of rising default rates.

ECONOMIST: Buttonwood

The only real solution for insolvent Europe is to explicitly default on the debt to a level that brings PIIGS countries to a debt to GDP ratio below 60%.

FORBES: Europe's Solution Isn't More Inflation