Credit crisis has begun according to Coface
Coface has noticed a net deterioration in the payment behaviour of companies: company payment defaults increased by 45% over the first four months of 2008 compared to the same period in 2007.
This is a clear sign of the beginning of a credit crisis, even if this indicator, based on statements of Coface insured clients in the 65 countries where it is present, traditionally over reacts at
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