This leads to higher recovery rates than common stock, while at the same time offering much lower default rates compared to high - yield bonds. (indexologyblog.com)
Generally, the market interest rate for any particular term of bond is represented by the yields on government bonds, as these are viewed as highly liquid and of very low default risk. (finpipe.com)
During the permitting process, very low default numbers for water retention are sometimes used because there is no basis for better performance values. (rooflitesoil.com)