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| | RisMedia.com - 144 Publicly Traded Companies Filed for Bankruptcy in 1st Nine Months of 2002 (Site not responding. Last check: 2007-10-09) |
 | | RISMEDIA, Nov. 18—Burdened with excessive debt, 144 publicly traded companies filed for bankruptcy in the first nine months of 2002, according to Weiss Ratings, Inc. While high in historic terms, the number of corporate bankruptcies this year is on pace to fall short of the record of 257 bankruptcies set in 2001. |
 | | Of the 144 publicly traded companies that declared bankruptcy in the first three quarters of the year, Weiss rated 89, assigning a "weak" or "very weak" Weiss Investment Rating to all of them at the time of failure. |
 | | In reviewing more than 9,000 stocks, Weiss found that the sectors most vulnerable to continuing bankruptcies are airlines, Internet retail, and telecommunications equipment. |
| www.rismedia.com /index.php/article/articleprint/2475/-1/1 (237 words) |
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