LSTA Fires Back at Wall Street Journal Article

Kellerhals, Richard
September 2010
High Yield Report;9/6/2010, Vol. 21 Issue 36, p12
The article discusses the letter sent by Loan Syndications and Trading Association (LSTA) executive director Bram Smith to LSTA members to clarify points made in an article previously published in the "Wall Street Journal," regarding floating-rate loan funds as of September 2010. Apparently, because of the low credit ratings of the investments within the fund, floating-rate loan funds are considered dangerous, according to the author of the "Wall Street Journal" article. Smith points out that the article did not mention key features of the asset class.


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