In another sign corporate borrowers are having trouble meeting their debt obligations, a study by Standard & Poor's shows defaults nearly tripled in 1998 from a year earlier.

The results, published last week in S&P's CreditWeek, showed 48 issuers with more than $10 billion of debt failing to make timely payments in 1998. That compared with 17 issuers in 1997 with $4.35 billion of debt, S&P said.

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