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Credit crunch to hit business & consumer confidence: Moody’s

	October 06, 2008

According to Moody’s Investors Service in its Global Credit Outlook report, the crisis in the financial markets may depress business and consumer confidence besides slowing down global economic growth and exacerbating existing trends that have been causing corporate credit quality to deteriorate for more than a year. Daniel Gates, Moody’s Chief Credit Officer for Corporate Finance, said “Business and consumer confidence appear to have been shaken by recent events and might not recover for sever ...