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Global credit quality continued its negative trajectory as the upgrade-downgrade ratio fell to 0.24 in the third quarter, says Moody’s Investors Service.

Treasury Mulls Guaranteeing Bank Debt: Report (TheStreet.com)
The step is being discussed as part of the government’s effort to unblock credit markets, according to a report.

Credit Suisse sees Sensex at 9,000 by 2009 (rediff.com)
The 30-scrip BSE Sensex is expected to fall to the 9,000 level by mid-2009, according to Indian Market Strategy, a report by Credit Suisse released on Friday.

Credit bureau to get student-loan delinquent list (The Japan Times)
A student loan provider under the wing of the education ministry plans to report delinquent borrowers to a bureau that logs consumer credit histories, a move that may make it difficult for them to access bank loans or use credit cards, sources said Friday. To stem the growing number of overdue payments, the Japan Student Services Organization plans by year’s end to join the bureau, which counts …

X5 Has Record Gain on Report About Lending by Banks (Update1) (Bloomberg)
Oct. 13 (Bloomberg) — X5 Retail Group NV , Russia’s largest supermarket company, rose the most since going public in 2005 on a report that two local banks offered loans to nine retailers as part of a government effort to revive the credit market.

A.I.G. Knew of Potential Problems In Valuing Swaps, Report Says (New York Times)
Top executives at American International Group knew of potential problems in valuing derivatives contracts, known as credit default swaps, long before questions about the risky transactions caused its stock to plummet, The Wall Street Journal reported, citing documents released by congressional investigators.

Credit crisis hitting auto dealerships hard (The Muskegon Chronicle)
By Chad D. Lerch and Brian McVicar | In the face of bank bailouts, lending rules are changing. Gone are the days — possibly for good — that customers with poor credit can get loans. Likewise, zero down-payment loans will be harder to find. Car dealers in Muskegon and Ottawa counties say the changes don’t necessarily mean doom-and-gloom for their industry. But most dealerships are reporting …