S&P: Distressed Level Hits 17-Month Low

Sheahan, Matthew
November 2009
High Yield Report;11/23/2009, Vol. 20 Issue 47, p17
The article focuses on a report issued by Standard & Poor's (S&P) which revealed that distressed debt in the U.S. has hit its lowest levels in 17 months. S&P has found that the distressed ratio reached 17% as of November 16, 2009, which is down from 18.7% in October 2009. It relates the decline in the amount of debt affected by distressed companies. The report has also revealed that the spreads of corporate bonds have remained steady.


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