UPDATE 1-Global junk default rate lowest since 1995 - Moody's

Story date: 2007-10-08 01:08:00
Added on: 2007-10-08 18:00:23

Reuters - A half percentage point interest rate cut by the Federal Reserve on Sept. 18 helped revive investors' risk appetite, making more cash available to low-rated companies. However, the most troubled companies, or so-called "distressed" issuers, may ...


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