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Is It Safe Yet?

With the high-yield market now open for business, many struggling companies get a second chance


By Aleksandrs Rozens

September 25, 2009

The worst of the corporate debt storm may have passed over Wall Street, according to one U.S. rating agency that says the peak in defaults may have already occurred in March. But some market participants warn that it may be too soon to call for an 'all clear,' especially with a national jobless rate that can rise further and impede economic growth.

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