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And Moody's Christina Boni noted the "US...>

US BONDS
US BONDS: And Moody's Christina Boni noted the "US retail and apparel industry
chalked up 11 defaults last year, compared with seven in 2009, at the height of
the recession. Rating downgrades shot up 87% in 2017, while upgrades declined
43%."
- "In the meantime, Moody's Liquidity Stress Indicator for retailers was up more
than 3% last November from a year earlier, with the rise in the number of
distressed companies signaling more defaults ahead," she said. "Once the coming
tipping point has passed, however, numerous sub-sectors will be left stronger."

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