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"Back in 1980, the debt of slightly less than a third of 

U.S. industrial corporations tracked by Standard & Poor's 

was rated junk. 

By the late 1980s, more than half were, and now 71% of the 

pie fits into that category, a record according to a new 

S&P report."

Wall Street Journal, 1/4/07

"Back in 1980, the debt of slightly less than a third of U.S. industrial corporations tracked by Standard & Poor's was rated junk. By the late 1980s, more than half were, and now 71% of the pie fits into that category, a record according to a new S&P report."

Wall Street Journal, 1/4/07

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