TITLE

The Impact of Tighter Credit

PUB. DATE
May 2001
SOURCE
Financial Executive;May2001, Vol. 17 Issue 3, p11
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
11927686

 

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