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...Schmitt, chief executive of DPC Data and author of the report. The sample for the study included more than 17,000 bonds issued from 1996 through 2003....
...found “in any given year, it would be impossible to analyse credit risk or find any warning of default from officially filed disclosure data on significantly more than half the issues studied”, said Peter Schmitt...
...Mr Schmitt said: “A lot of people will be making decisions to not go on expensive vacations, to not get a new car....
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