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The Ratings View: Sep 14, 2023

In this week's summary of ratings views: The 16 global corporate defaults last month are the highest August tally since 2009. Investment-grade bond issuance is growing, while speculative-grade bonds struggle. U.S. real estate showed surprising resilience in the second quarter. Also: a European chemicals FAQ, an update on EM, China's LGFV problems, and energy efficiency regulations and their implications for European RMBS.