This from Friday's IHT, in a wider article about corporate loan defaults.
An ominous trend to watch: Corporate loan defaults
"There have been no high-profile, high-impact defaults," S&P reported. "Defaults this year have been more plentiful than painful." It pointed out that while 3.3 percent of loans are in default, those loans amount to just 2 percent of the money lent. Few big loans have gone bad.
One of the three August defaults was Star-Tribune, the publisher of the Minneapolis newspaper. Investors fear that other publishers will follow, and several of them have loans trading at distressed prices.
A PLACE IN THE AUVERGNE
International Herald Tribune
New York Times