D-day approaching

It is common knowledge in financial circles that credit spreads are too tight and risk premium too low. Evidence of easy money abounds. New issue markets remain robust. Large cap leveraged buyout funds returned a staggering 29% on average over the four quarters ending June 2006, riding the wave of cheap, easy financing in the debt markets. And, in spite of 425 basis points of tightening in two years by the Federal Reserve, the cost of capital for even single-B and triple-C corporates remains

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: