Corporate credit quality has improved over the last year as company managers have responded to economic pressures to better their companies’ fundamentals, but great global economic risks remain, according to a report released today by research firm Gimme Credit.

Corporate credit quality has stabilized, according to the report, with 84% of upgrades last year going to stable from deteriorating. The firm credits the overall stabilization with actions taken by company managers, namely improvements in liquidity, leverage levels and sales numbers and margins.

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