TEXT-S&P report on U.S. capital goods sector

Newswire

(The following statement was released by the rating agency) Dec 30 - The credit outlook for the U.S. capital goods sector heading into 2009 is negative, according to an industry report card published by Standard & Poor's Ratings Services today. Over the past three months, global economic and business conditions have deteriorated rapidly. Companies, worried about future demand in many markets, are reducing or reallocating their capital spending as access to credit across sectors and ...

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