
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: FRIDAY, March 9, 1990                   TAG: 9003091858
SECTION: BUSINESS                    PAGE: B5   EDITION: METRO 
SOURCE: 
DATELINE: WASHINGTON                                LENGTH: Short

PANEL SAYS MORE FIRMS MAY DEFAULT IN '90S

A panel of credit experts told Congress on Thursday to expect an increase in the number of defaults by debt-burdened corporations in the early 1990s. But they said there was little the federal government should do to reverse the trend.

David A. Wyss, senior vice president of DRI/McGraw Hill, an economic forecasting company based in Lexington, Mass., said his company expected defaults to peak this year at 8.9 percent and drop back to an average of 3.7 percent over the next five years. - The New York Times

by CNB