(The following statement was released by the rating agency) Sept 25 - Recent turmoil in the financial markets related to investment banks, mortgage giants, and insurance companies is having repercussions far and wide, from Wall Street to Main Street, according to an article published today by Standard & Poor's. The financial landscape is now characterized by widespread deleveraging and continued tightening of lending as the speculative-grade corporate spread hit 844 basis points ...
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