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Moody's: Liquidity Stress Indicator flat after recent gains; remains near record low

Moody's Liquidity-Stress Indicator (LSI) was unchanged at 3.2% in August after rising from a record low of 2.5% in April to an 11-month high in July, the rating agency says in its most recent edition of SGL Monitor. Moody's Liquidity-Stress Indicator falls when corporate liquidity appears to improve and rises when it appears to weaken. "A growing US economy, healthy corporate earnings and cash flow, and accommodating credit markets continue to support speculative-grade companies' overall good liquidity," said John Puchalla, a Moody's Senior Vice President.