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Credit quality sees rapid deterioration in June

Risk technology vendor Kamakura Corporation today reported a steep increase in its monthly global index of troubled companies, signifying a decline in global credit quality.

Its index of troubled companies, which are defined as such when the default probability is in excess of 1%, rose sharply in June to 6.4% of corporations sampled across the globe, up from 5.7% in May and an increase from the

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