Banks and investors who are losing money on the record $1.7 trillion of high-yield, high-risk loans made in 2006 and 2007 are charging borrowers an average of 1.64 percentage points more in interest to amend borrowing agreements and avoid default, according to Standard & Poor's. That's the highest since 1997 and almost eight times more than the first half of last year."
Showing posts with label dollar. Show all posts
Showing posts with label dollar. Show all posts
Tuesday, October 7, 2008
Bloomberg.com: Exclusive
Banks and investors who are losing money on the record $1.7 trillion of high-yield, high-risk loans made in 2006 and 2007 are charging borrowers an average of 1.64 percentage points more in interest to amend borrowing agreements and avoid default, according to Standard & Poor's. That's the highest since 1997 and almost eight times more than the first half of last year."
Labels:
Business,
Corporation,
dollar,
High-yield debt,
Loan,
McClatchy Company,
Standard Poor,
United States
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