Defaults on the Rise

Marshall, Jeffrey
March 2001
Financial Executive;Mar/Apr2001, Vol. 17 Issue 2, p10
Academic Journal
The article focuses on the rise in corporate defaults worldwide in 2000. According to Standard & Poor's Corp., defaults reached 116 up from 104 in 1999. The total amount of debt grew from $38.4 billion to over $40 billion. Apparently, risky investments allowed weak companies to begin operations prematurely.


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