That figure will hit 4% next year, Moody's (nyse: MCO - news - people ) Economy.com predicts.
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Moody 's ( MCO - news - people ) downgraded EFH debt from a midlevel-junk B3 to a scapegrace Caa1.
Moody 's ( MCO - news - people ) acquired KMV, the global leader in provision of objective and quantitative credit risk assessment tools.
For 2008 Moody's (nyse: MCO - news - people ) Economy.com is predicting strong revenue growth in aerospace (10.2%), computers (5.5%) and medical supplies (12.6%).
For this year's ranking we relied on economic research firm Economy.com (owned by Moody's (nyse: MCO - news - people )) for its indexes on business and living costs.
Last month, Moody's Investor Services (nyse: MCO - news - people ) said its commercial real estate price index fell 2.1% in September, likely resulting from the credit squeeze.
Moody's (nyse: MCO - news - people ) rating service tweaked the outlook to negative from stable on the A3 long-term issuer rating of Nomura Holdings because the Lehman purchase will edge up operating expenses.
"We expect economic slowing and belt-tightening, but we don't see this falloff as being as precipitous as it was in 2001, " says Robert Kurtter, a managing director at Moody's (nyse: MCO - news - people ) muni bond rating service.
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