- Q4 2016 repurchases 20.6% higher than Q3 2016, but 7.3% lower than Q4 2015

Composite Default Rate at One-Year High in February

Captures the most liquid and tradeable segment of the green bond market

Miami's Composite Default Rate at 31-Month High in January

Miami Composite Default Rate in December is at 30-month High

- Q4 2016 indicated payments increased by $8.9 billion

- Companies spent $112.2 billion on share repurchases in Q3 2016, down 12.0% from Q2 2016 ($127.5 billion) and down 25.5% from Q3 2015 ($150.6 billion)

Miami Consistently Has Highest Composite Default Rate in 2016

Four of the Five Cities Report Default Rate Increases in October 2016

Four of the Five Cities Report Default Rate Decreases in September 2016

Q3 2016 payments increased by $6.0 billion, down from $7.3 billion for Q2 2016

- Companies spent $127.5 billion on share repurchases in Q2 2016, down from $161.4 billion in Q1 2016

Three of the Five Cities Report Default Rate Increases in August 2016

Four of the Five Cities Report Default Rate Decreases in July 2016

Three of the Five Cities Report Slight Default Rate Increases in June 2016

- Q2 dividend net increases rise to $7.3 billion

-- $589.4 billion in buybacks for the 12-month period ending March 2016, a new record

Four of the Five Cities Report Slight Default Rate Decreases in May 2016

Bank Card Defaults Higher for Fourth Consecutive Month

Four of the Five Cities Report Slight Default Rate Increases in March 2016