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On expectations of corporate bond defaults.

Publication: The International Economy
Publication Date: 01-JAN-09
Format: Online
Delivery: Immediate Online Access
Full Article Title: On expectations of corporate bond defaults.(On the financial services industry)

Article Excerpt
"In percentage terms, the projections from the three main credit-rating agencies for defaults on high-yield bonds approach levels last seen in 1933, according to an 87-year default-rate history compiled by Moody's Investors Service. The agencies expect default rates on these non-investment-grade bonds to triple to about 14 percent or...

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