Posted at 12:08 p.m., Thursday, December 7, 2006
Local firm rates global credit quality as stable
Advertiser Staff
Kamakura Corp., a Honolulu company that provides information on default probabilities, said its global index of troubled companies was almost unchanged in November, declining 0.1 percent to 7 percent from the previous month.Kamakura said global credit quality has been stable over the last three months. It defines a troubled company as one whose probability of defaulting on debt is in excess of 1 percent.
The index covers more than 17,000 companies in 29 countries.
