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| January 15, 2002 | Tuesday | Shawwal 30, 1422 |
Corporate defaults
NEW YORK, Jan 14: A record number of companies defaulted on their debt in 2001 around the world, and the number could be even greater in 2002, the credit rating firm Standard and Poor’s said on Monday.
Corporate defaults exceeded 200 for the first time, with 211 firms defaulting on some $115.4 billion of debt last year, S and P said.—AFP
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