Relevant:
- Number of distressed U.S. retailers at highest level since Great Recession
- Warning: Half of oil junk bonds could default
- Portugal slips into default territory
- MBIA's Municipal Bond Insurer Cut Three Steps to Junk by S&P
- Fools and Their Money: Value-Destroying CDO Managers Raising Distressed Mortgage Funds
2008-08-27 — researchrecap.com
"Led by a “stratospheric†finance sector, distressed junk bond issues have risen to their highest level in more than five years, according to Standard & Poor’s."
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