TITLE

Second Liens Shoot for First Billing

AUTHOR(S)
Stein, Gabrielle
PUB. DATE
April 2007
SOURCE
Investment Dealers' Digest;4/2/2007, Vol. 73 Issue 13, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the characteristics of second-lien loans. According to Fitch Ratings Inc., second-lien investors may find themselves on the losing side of the rivalry with first-lien loan for recovery. Fitch added that second-lien case law is limited because of the low rate of bankruptcy filings during the past three years, less than 1% in 2006 and less than 3.5% in 2004 and 2005 combined.
ACCESSION #
24605920

 

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