Non-accruals and delinquency rising on US middle-market loans
Data from banking industry organisation the Risk Management Association (RMA) and from Automated Financial Systems, a technology company, show the amounts of non-accruals and loans past due are up in both industries.
The data indicate that construction firms, which comprise a large part of US middle-market loan portfolios, are the worst culprits. Building industry non-accrual levels doubled over a period spanning September 2006 to March 2007.
Maurice Hartigan, president and chief executive of
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