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  • (AFX UK Focus) 2008-11-17 20:54 85 companies default on debt in 2008 -S&P (Interactive Investor)
    NEW YORK, Nov 17 (Reuters) - Eighty-five companies worldwide defaulted on their debt in the year through Nov. 11, impacting a total of $284 billion, up sharply from the two previous years, Standard & Poor's said Monday. By comparison, there were only 22 defaults for all of 2007 and 30 in 2006, the agency said in a statement. Seventy of the 85 companies are based in the United States, five in ...
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