A survey conducted by the International Association of Credit Portfolio Managers (IACPM) showed  that credit investors are considerably more optimistic than they were three months ago, when the last survey was conducted.

“Stability appears to be the key for a number of the survey takers,” said Som-lok Leung, executive director of the IACPM. “They’re not expecting a lot of improvement but they believe conditions have at least stabilized, if at more subdued levels.”

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