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Junk Bond Issuance Collapses, “Distress Ratio” Spikes

Junk Bond Issuance Collapses, “Distress Ratio” Spikes Fitch Ratings is fretting about junk-bond defaults. “After five issuer defaults already this month accounting for nearly $2 billion in new volume,” Fitch now expects that the default rate will hit 3.5% by year-end, up from 2.5% to 3% a few days ago. Through September, the trailing 12-month default rate […]

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Australian housing near world’s most expensive but forecast to rise further

Australian housing near world’s most expensive but forecast to rise further A major ratings agency forecasts Australian home price growth to slow, as the nation approaches an “affordability ceiling”. Fitch Ratings is forecasting 4 per cent growth in Australian residential property prices this year, down from around 7 per cent in 2014. In its 2015 […]

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Russia Cut to One Step Above Junk by Fitch on Oil, Sanctions

Russia Cut to One Step Above Junk by Fitch on Oil, Sanctions Russia’s credit rating was cut to the lowest investment grade by Fitch Ratings after plummeting oil prices and the conflict over Ukraine triggered the worst currency crisis since the country’s 1998 default. Fitch, which last downgraded Russia in 2009, cut the sovereign one […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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