A Gauge of the Weakest Issuers Shrinks for the Wrong Reason

  • Moody’s U.S. speculative-grade list falls as defaults increase
  • Pain to spread to non-commodities sectors, Deutsche Bank says

The first "significant decrease" in its portfolio of U.S. speculative-grade companies in almost three years is no reason to celebrate, according to Moody’s Investors Service. That’s because defaults were the main reason companies fell off the list.

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