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The number of issuers defaulting on their bond obligations contracted to 18 in 2006 from 33 in 2005.
In 2009, the Media industry was the worst performer with 45 issuers defaulting.
Three months of coverage is sufficient to pay for full and partial months of delivered gas to the defaulting participant until the participant's right to receive the gas is terminated and the gas is available to be remarketed on a first of the month price basis.