Equity poses the big questions



Credit quality of corporates has fallen substantially over the past six months, what is going to happen to it over the next six months?

Jim Reid, Barclays Capital: The first quarter of the year was one of the worst on record in terms of the ratio of upgrades to downgrades. At the start of the year, people were saying that if the economy turned around then credit quality would as well. For us, credit quality will continue to deteriorate because debt levels remain high and pricing power i

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