CNN Chief Business Correspondent
Here's what may be big today....
The IMF says the global economy will shrink this year, possibly as much at 3% or more. With the rest of the world suffering, there's no obvious "savior" for this economy (even Dubai needed a financial rescue recently!)
Moody's will unveil a list of 283 companies (out of 2,073 that it rates) with "junk" credit ratings or lower. Basically, it will list the "sub-prime" borrowers of the business world. These are companies most likely to default – Moody's thinks up to 45% of them might. Expected to be on the list: AMR, Chrysler, Ford, GM, US Airways, Dole, Kodak, Rite Aid.
It's worth noting, though, that Moody's, Fitch and S&P have been wrong about a lot of things in the past couple of years.
Anderson Cooper goes beyond the headlines to tell stories from many points of view, so you can make up your own mind about the news. Tune in weeknights at 8 and 10 ET on CNN.
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