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Corporate Defaults Hit Record Level.(Brief Article)(Statistical Data Included)
New bond issuance hit a record in the first quarter of this year, but so did the number of global bond defaults, according to Standard & Poor's.
U.S. corporate bond issuance for the first quarter of 2001 rose 270% over the previous quarter to a record $150 billion on 300 issues.
But credit quality took a turn for the worse. S&P reported 313 global rating actions in the first quarter, with 243 ...
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