OECD warns of corp debt ‘fire sale’

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OECD warns of corp debt ‘fire sale’

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Large chrome billboard with written "for sale" - Tall buildings in the background | Alberto Masnovo/Alberto Masnovo - Fotolia

Corporate debt investors face the danger of emergency fire sales if a sudden slump in growth led to a rash of downgrades, the Organisation for Economic Cooperation and Development (OECD) warned on Thursday.

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