The riskiest firm was Atos SE (EPA:ATO), with a one-month KDP of 44.24%, up 25.32% for the month. Atos SE is a global technology firm involved in digital transformation solutions. It operates in in 69 countries with 95,000 employees and €11 billion in revenue. In June, the firm announced an initial debt restructuring and an interim financiang proposal, and at the end of the month, two directors resigned. Table 4: Riskiest Rated Companies Based on 1-Month KDP, June 28, 2024 The Kamakura Expected Cumulative Default Rate, the only daily index of credit quality of rated firms worldwide, shows the one-year rate unchanged at 0.57%, with the 10-year rate down 0.11% at 9.29%. Figure 3: Expected Cumulative Default Rates, June 28, 2024 About the Troubled Company Index The Kamakura Troubled Company Index ® measures the percentage of 42,500 public firms in 76 countries that have an annualized one-month default risk of over one percent. The average index value since January 1990 is 14.13%.