Chart 6. The title is "Default Risk Is Rising Broadly among U.S. Nonfinancial Firms." This is a line graph showing that for both manufacturing and service and trade, the one-year EDF hovered around 1 from 1996 to 1998, when it rose above 2, the comparative median EDF of S&P bonds rated BB. In 2000 the EDF for service and trade rose sharply to almost 6.