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Surge in global corporate defaults may top 2009's record high

Fitch Ratings says 28 non-financial corporate defaults recorded from January-May 2020, compared with 25 for whole of last year

Singapore

GLOBAL corporate debt defaults have seen a dramatic increase as the economic crisis from the coronavirus pandemic dealt a body blow to companies around the world, Fitch Ratings said.

The number of defaults registered in the first five months of 2020 is already higher than...

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