Credit quality improved in February

Hawaii-based risk technology vendor Kamakura has reported a further drop in its monthly global index of troubled companies, signifying an improvement in global credit quality.

Troubled companies, where probability of default is greater than 1%, made up 5.8% of the global public company universe in February, compared with 6.1% in January and 7.3% in December 2006. The index has only been lower from March to May 2006 when it hit 5.4%, the lowest point for the past 17 years.

However, these figures

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