US economy is slowing significantly with knock-on effects for bond holders By Jane Wallace Corporate...
US economy is slowing significantly with knock-on effects for bond holders By Jane Wallace Corporate bond defaults are rising and are at their highest level since 1991 for Standard & Poor's rated stocks. In the first seven months of this year there have been 61 defaults on S&P rated issues. The most recent high for an annual figure was 65 defaults in 1991. In addition, the number of companies suffering credit downgrades has significantly outstripped those being upgraded. Since the third quarter of 1998, S&P has downgraded 143 companies and upgraded only 21. When a credit is downgraded, ...
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