This from Friday's IHT, in a wider article about corporate loan defaults.
FLOYD NORRIS
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.
http://www.iht.com/articles/2008/09/04/business/norris05.php
A PLACE IN THE AUVERGNE
International Herald Tribune
IHT
New York Times
NYT
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