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Surge in Downgrades Includes Many P-C Insurers, Moody's Notes

The others were airlines; real estate and construction; retail; banks and bank holding companies; and finance, securities and leasing--with the last two industries having the largest absolute number of

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Moody’s Investors Service said non-life insurance was among nine sectors that had large proportions of downgrades in the third quarter of 2008.

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