Investors Rev Up Appetite for Auto Debt

Sheahan, Matthew
October 2010
High Yield Report;10/11/2010, Vol. 21 Issue 41, p21
The article examines the surge in investor interest in auto debt in the U.S. In the leveraged debt markets, a recovery was observed for the auto industry, with significant amounts of debt being issued by automobile and auto related companies. According to Robert Schulz, a managing director with Standard & Poor's focused on the auto industry, they expect increased activity from the market in 2010, compared with 2009. Peter Ehret, head of high yield for Invesco Fixed Income pointed out the trend of demand levels going into profitability.


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