Will you kindly excuse the intrusion into your and rarebirds intimate conversation, but I think this is interesting.
Thursday November 30, 3:14 pm Eastern Time
Corporate credit quality in steep slide-Moody's
By Jonathan Stempel
NEW YORK, Nov 30 (Reuters) - U.S. corporate credit quality is in one of its most pronounced declines since the 1991 recession, and that decline is likely to continue, credit rating agency Moody's Investors Service said in a new report.
Since the end of September, rating downgrades are exceeding upgrades among investment-grade, or higher-quality, companies by more than three-to-one, Moody's said.
Among junk-rated companies, or those rated below investment-quality, the downgrade-to-upgrade ratio is more than 4.5 to 1, it said.
Those ratios, Moody's said, ``resemble 1990-1991's nadir.'' |
