S&P: Liquidity Returning to Debt Market

Kellerhals, Richard
August 2009
Mergers & Acquisitions Report;8/31/2009, Vol. 22 Issue 35, p3
The article presents the outlook of analysts from Standard & Poor's (S&P) on the corporate credit markets of the U.S. The declining rate of downgrades in the past months is one of the factors that indicate that liquidity is returning to the corporate debt market according to S&P analysts. The analysts explain how the rising number of defaulters contributed to the improvement credit ratings. The analysts highlighted the risk for speculative-grade-rated borrowers to breach their covenants over the six months.


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