S&P: 35% of global defaults by 'redefaulters'
Edited By WION Video Desk
Published: Apr 12, 2024, 05:35 IST | Updated: Apr 12, 2024, 05:35 IST
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A new report by credit rating agency S&P Global highlights the growing fragility of companies around the world. The percentage of companies that have defaulted on their debt more than once has reached its second-highest level since 2008 when the world was hit by an economic slowdown.
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