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  • Corporate defaults could reach 10%

    Chemical company CFOs need to step up their monitoring of customers' creditworthiness. That's the clear message today from ratings agency Moody's , who report that corporate defaults are rising sharply. According to Moody's Director, Kenneth Emery, 'the pace of corporate defaults...
    Posted to ICIS Blogs (Weblog) by Anonymous on 08-07-2008
  • US housing weakens, UK follows

    US housing markets are getting worse. Today’s S&P/Case-Schiller index showed prices declined 8.9% in December . Moody’s said that 10% of homeowners (8.8 million people) had negative equity in their homes. And unsurprisingly, given this background, bank repossessions rose 90% versus January 2007 levels...
    Posted to ICIS Blogs (Weblog) by Anonymous on 02-26-2008
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