The Impact of Tighter Credit

May 2001
Financial Executive;May2001, Vol. 17 Issue 3, p11
Academic Journal
The article reports on credit and the research conducted by Turnaround Management Assocation (TMA). 303 random member companies of the TMA were sampled to research credit issues. The survey revealed what corporate renewal professionals are observing as a result of tightening of credit on troubled companies. 8 out of 10 companies stated that companies in trouble were faced with more difficulty getting refinancing with existing lenders and as well as finding replacement financing. The article also discusses the eventual effect of the credit market on troubled companies.


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