Moody's calls top of credit cycle as CDS reach record tights

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Moody's calls top of credit cycle as CDS reach record tights

February 23, 2007 12:00 am

Moody's called the top of the credit cycle this week, by predicting that speculative grade defaults would double in 2007 to more than 3%. In 2006 defaults were at their lowest for 25 years.

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