13.05.2014 23:31:00
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Correction to text May 6, 2014 release: Moody's: Canadian corporate defaults drop sharply after peak of financial crisis
Toronto, May 13, 2014 -- Changed the fourth paragraph to the following:"Unlike 2008-09 defaults, which were dominated by the forest products & paper sector, recent defaults were led by the oil and gas sector, which has contributed 25% of the total number of defaults and 41% of the total defaults by dollar amount since 2009," says Sharon Ou, a Moody's Vice President - Senior Analyst.