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We asked 10 leading analysts and investors for their thoughts on what could go wrong.
Total amount of speculative-rated debt in the U.S. has declined in recent years.
First, the NFIP needs to start charging coastal residents realistic premiums for flood insurance.
Charter pulled planned $1.5B issue, citing market conditions.
The average fee for underwriting investment-grade U.S. debt has already fallen in recent years.
Analysts seem surprised by the pace and scope of late payments and losses.