2008-09-27 — implode-explode.com
"The US corporate debt default rate could reach its highest level since 1981 in the next three years, Standard & Poor’s says. “Based on our estimates of a worst-case scenario, the three-year U.S. cumulative default rate between 2008 and 2010 among speculative-grade nonfinancials will rise to 23.2%, the worst on record since 1981.â€"
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