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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Sea Otter who wrote (96235)4/7/2009 9:55:55 AM
From: mishedlo2 Recommendations  Read Replies (1) of 116555
 
Corporate Bond Default Rate Highest Since Great Depression
globaleconomicanalysis.blogspot.com
The rate at which speculative-grade corporate borrowers worldwide failed to meet their obligations rose to 7 percent from 4.1 percent at the end of last year, Moody’s said in a report today. So far this year, 79 companies rated by Moody’s have defaulted, the New York-based ratings firm said.

Mish
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