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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Earlie who wrote (143760)1/15/2002 6:46:39 AM
From: Giordano Bruno  Read Replies (2) of 436258
 
It’s not just a feeling, it’s official: Last year was the worst ever for corporate defaults globally with 211 companies defaulting on $115.4 billion of debt, according to S&P. (The old records were set in 2000, when 132 issuers defaulted on $42.3 billion.) Two-thirds of the issuers came from the U.S. Junk bond defaults rose to an 8.57% rate up from 5.68% the prior year. That’s the worst junk bond performance since the 10.87% default rate of 1991. The overall default rate of about 4% is also the highest since 1991 according to S&P.

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