80,000 firms downgraded
25 May 2010
Source: Transport & Logistics New
Close to 80,000 Australian companies had their risk profile downgraded in the first three months of 2010 and are now more likely to experience financial distress over the coming year, despite the strength of the economic recovery.
The latest risk research from Dun & Bradstreet reveals the number of firms downgraded has risen by close to 15,000 compared to the same time last year, a period when the local and global economy was continuing to face significant pressures from the global credit crisis.
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