Corporate debt defaults topped US$280 billion in 2008
Speculative-grade maturities are due to escalate in the next three years
Rating agency forecasts a flood of corporate defaulters in 2009
Tax cuts could lessen fiscal flexibility
Default rate expected to rise sharply this year
Corporate default rates will likely climb sharply throughout 2009
U-shaped recovery forecast for advanced economies
Forecast encorporates deep U.S. recession
The performance of credit cards in Canada softened slightly in the second quarter of 2008, but showed remarkable stability compared to the performance of credit cards in the United Kindom and the United States, says Moody’s Investors Service in a new report.During the second quarter, the charge-off rate in Canada rose to 3.07%, up from […]
Central clearinghouse could substantially reduce risks, Moody’s says