Talking point - The leveraged loan logjam

pg18-jean-baptise-gaudement-jpg

EDWARD EYERMAN, MD, EUROPEAN LEVERAGED FINANCE, FITCH RATINGS, LONDON

Clearing unsyndicated LBO debt remains a headache for European arrangers, but they have more immediate problems to address before attempting to restart the primary leveraged credit market. Specifically, the reticence of European banks to lend to each other on a short-term basis - a result of the seizure in the commercial paper markets. Banks must make good on back-up facility commitments to roughly $1 trillion of ABCP comin

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: