With domestic commercial bankruptcies surging of late as per the American Bankruptcy Institute who report increasing bankruptcies after 22 consecutive quarters of decline. Business bankruptcies jumped 9% in March and 25% from a year ago. Credit ratings agency Standard and Poors has jumped on the ratings downgrade bandwagon of late cutting 82 companies junk or high yield rated in February and another 44 in March and not just oil and gas companies as 55% were outside of the energy sector.
This is Caleb Lawrence Registered Investment Adviser Inc. Scotts Valley Drive and Willis Road in the Scotts Valley Plaza, Suite 202 or call me toll free at 888-RICH PIG / 888-742-4744.
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Advisory services offered through Caleb Lawrence Registered Investment Adviser Inc.