JP Morgan back on top

Risk corporate end-user rankings 2008

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This time in 2007, bankers were gearing up for what looked like being a record year for mergers and acquisitions (M&A). Credit spreads were close to record lows, investor demand for credit - whether it be loans, investment-grade debt or real estate - was robust, giving lenders the confidence to relax loan covenants, and equity markets were climbing. Private equity firms were clamouring for new deals - and there was no end of liquidity to fund their thirst for acquisitions. Twelve months o