Dubai-Mubasher: Fitch Ratings expected energy and materials issuers to default on $70 billion of debt this year.
The actual bond defaults reached nearly $6billion, the agency said, expecting additional $9 billion in bond defaults next month.
Falling oil prices are pressuring the global bond markets which investors refrain from due to the risk of default, Fitch said.
The bonds of US energy companies are traded at less than 50 cents ($71 billion), according to the report.
