Sign up to The Irish Times Archive (1859 - 2008)My Account »

Wed 09 Sep 2007S&P sees more US corporate defaultsUS corporate default rates could accelerate from next year as the recent turmoil in credit markets has erased the appetite for risky investments, ratings agency Standard & Poor's said in a report."There is a material risk that defaults could be more severe beyond the one-year forecast horizon," S&P said in a report published last night.