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Strategies & Market Trends : Sharck Soup

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To: Softechie who wrote (30535)	7/11/2001 1:28:51 AM
From: Teri Garner	of 37746

US corporate debt defaults heading for record high By Robert Clow and Andrew Hill in New York Published: July 10 2001 20:07GMT \| Last Updated: July 11 2001 02:23GMT US companies defaulted on $53.8bn of corporate debt in the first six months of this year, according to Moody's Investors Service, the credit rating agency, causing misery for many but providing a record windfall for restructuring experts. At this rate, outstanding defaulted US corporate debt is likely to end this year higher than last year's record $131.8bn. Bankruptcy experts predict defaults could continue to rise in 2002 and 2003. news.ft.com

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