"But the downside scenario, which takes into account a protracted U.S. recession, shows it could reach 10%."

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"But the downside scenario, which takes into account a protracted U.S. recession, shows it could reach 10%."

August 15, 2008 12:00 am

-- Kenneth Emery, director of corporate default research at Moody's Investors Service, on how high defaults could reach this year.

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