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Top 100 Asean firms at risk of default

S&P study draws attention to rising debt levels in blue-chip firms

SOUTH-EAST Asia's 100 largest publicly traded companies are becoming more vulnerable to default as their debt surges and profitability weakens. Debt-to-earnings ratios rose last year at the fastest pace since 2011, as average return on capital at the biggest firms by market value fell for the...

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