"The Kamakura troubled company index remains at levels above its recent lows but the strong economy has kept the index from rising beyond its recent peak of 16%," said Warren Sherman, Kamakura President and Chief Operating Officer. "The number of companies with default probabilities between 1% and 5% improved to 7.9% of the universe in July from 8.4% in June and 9.6% in May. Companies with default probabilities between 5 and 10% were down to 1.9% of the universe from 2.1% a month earlier. Companies with default probabilities between 10% and 20% were up 0.1% to 1.6% of the universe. The riskiest firms in the universe, those with default probabilities over 20%, improved 0.2% to 2.1% of the universe in July."