(Bloomberg) -- Finance company bonds, the fastest-
growing part of the corporate debt market, are no longer a haven
from leveraged buyouts.
Bondholders were ambushed by last month's $25 billion
takeover of SLM Corp., the student loan company known as Sallie
Mae. They had assumed that companies whose profits depend on
investment-grade credit ratings couldn't afford to pile on debt.
Read more at Bloomberg Bonds News
growing part of the corporate debt market, are no longer a haven
from leveraged buyouts.
Bondholders were ambushed by last month's $25 billion
takeover of SLM Corp., the student loan company known as Sallie
Mae. They had assumed that companies whose profits depend on
investment-grade credit ratings couldn't afford to pile on debt.
Read more at Bloomberg Bonds News
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