Investors' safe haven shifts from sovereign to corporate debt

02/17/2010 | NYTimes.com

Sovereign debt used to be considered a safe haven for investors because a government default was considered unthinkable. Greece's situation is changing the landscape, prompting many investors to consider the debt of solid, multinational companies a safer bet. Fitch Ratings reported that fixed-income investors are more concerned about sovereign debt than the debt of highly rated companies.

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