1/28/2014

The outlook for corporate defaults has switched to positive -- meaning less risk -- from negative in the latest IACPM Credit Outlook Survey. And improvement is being registered worldwide amid forecasts of an improving global economy this year. In addition, "if you look at the bank earnings releases in the last week or so, a lot of them cite that credit quality is improving," said Som-lok Leung, New York-based executive director of the IACPM.

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