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Follow on Google News | WAIN Street Business Default Index shows business credit quality continues to strengthenBusiness Default Index improves by 0.16%; Business Default Diffusion Index nearly unchanged
By: WAIN Street “The economy strengthened by most measures—jobs, retail sales, housing and manufacturing. General business conditions improved and businesses continued to fare better in meeting their financial obligations” Highlights from the December 2013 report: -- LA, AK, SD and VA businesses lead nation in credit quality -- AZ and NV business default rates more than double national rate -- MS, GA and AL businesses decrease default rate by nearly 5% in last 12 months -- Construction sector businesses post biggest improvement in credit quality in last 12 months -- Information sector businesses have lowest default rate The WAIN Street Business Default Index is computed monthly based on the credit performance of nearly 18 million US businesses that have been tracked by WAIN Street for over 12 months. WAIN Street’s newsletter, Taking the Pulse, helps readers peel back the layers and zoom into the nuances and variations in business credit quality. End
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