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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (10527)8/13/2000 8:47:19 AM
From: Giordano Bruno  Read Replies (2) of 436258
 
"The restructuring industry is in an expansion phase right now..." -g-

Moody's Investors Service calculates that 6.2 percent of high-yield, or junk, bonds are now in default. It projects that the rate will rise to 7.1 percent by year-end, and to 8.4 percent by July 2001. Globally, the United States, which has the world's most accessible capital markets, accounts for 75 percent of the defaulted bonds by amount and 85 percent by number of companies.

nytimes.com
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