TITLE

Caution (and Opportunity) Returns to Loan Market

AUTHOR(S)
Kellerhals, Richard
PUB. DATE
June 2010
SOURCE
High Yield Report;6/7/2010, Vol. 21 Issue 23, p9
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that investors are more cautious due to the declining prices of loans caused by the lingering debt crisis in Europe. It notes that the Standard & Poor's/Loan Syndications and Trading Association (S&P/LSTA) Leveraged Loan 100 Index slumped from 92.72 to 89.06 over the course of May 2010. Markit notes that at the beginning of May, the average double-B-rated loan was trading at 98.27, while the average single-B-rated loan and the average triple-C-rated loan were trading at 95.03 and 85.08, respectively.
ACCESSION #
51303615

 

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