04.02.2014 17:16:00

Moody's: No surge in "fallen angels" during financial crisis

New York, February 04, 2014 -- The pace at which corporate bond issuers became "fallen angels" -- lost their investment-grade ratings--did not surge as did corporate default rates during the 2008-09 financial crisis, says Moody's Investors Service in a new report, "Why Fallen Angels Fall."

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