Record number of firms in 'crossover zone' in Q1, says Moody's
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Fiona Lam
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Singapore
A RECORD high of 96 non-financial companies have entered the "crossover zone" - the credit ratings closest to the line between speculative grade and investment grade - by the end of the first quarter of this year.
This is an increase of 26 firms compared with the end of 2019, Moody's Investors Service said in a global report on Thursday.
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