Corporate Defaults Smash Records

Barry DeCicco bdecicco2001 at yahoo.com
Fri Jan 18 06:48:23 PST 2002


From: "Chris Kromm" <ckromm at mindspring.com>


>NEW YORK (Reuters) - Bond defaults by companies more
>than doubled last year to record levels, and default
>rates surged to 10-year highs, but issuers and
>bond investors can expect better times ahead,
>analysts said on Monday.

Sigh. If only I had a dollar for every article I've seen in the past year which said that things were bad, but they'll get better Real Soon Now...

Barry

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