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S&P, Moody’s Cut Credit Grades at Fastest Pace in a Decade – Yahoo! Finance (Bloomberg)

Full Article: Yahoo! Finance

Downgrades are outpacing upgrades at the two biggest credit-rating firms by more than 3 to 1 to start the year, the most on a quarterly basis since the depths of the financial crisis, according to data compiled by Bloomberg. At the same time, risk premiums on investment-grade bonds have surged, while junk yields breached 10% for the first time in more than eight years.

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