Corporate downgrades level off Moody's figures hint 'worst may be past'

October 24, 1991|By Thomas Easton | Thomas Easton,New York Bureau of The Sun

NEW YORK -- The deterioration of corporate credit may be slowing -- which might point to a decline in bankruptcies and an improvement in overall business health.

4.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. Ratio

Year.. .. .. ..Down.. .. .. Up.. .. .. .. down/up

1986.. .. .. ..246.. .. .. 143.. .. .. .. .. 1.7

1987.. .. .. ..176.. .. .. 100 .. .. .. .. .. 1.8

1988.. .. .. . 237.. .. .. 138.. .. .. .. .. 1.7

1989.. .. .. . 339.. .. .. .138.. .. .. .. .. .2.5

1990.. .. .. . 433.. .. .. . 98.. .. .. .. .. .4.4

1991

1st qtr.. .. .. 98.. .. .. . 27.. .. .. .. .. .3.6

2nd qtr.. .. .. 96.. .. .. . 30.. .. .. .. .. .3.2

3rd qtr.. .. .. 96.. .. .. . 30.. .. .. .. .. .3.2

SOURCE: Moody's

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