Sunday, July 29, 2007

Bank ratings intact despite LBO funding jam -S&P

(Reuters) - Turmoil in the global credit markets has left banks unable
to syndicate funding for a string of high-profile leveraged
buyouts, including those of British health and beauty chain
Alliance Boots [AB.UL] and U.S. carmaker Chrysler.




The funding, often with aggressive terms, was committed to
when the credit-market sky was clear and investors seemed to
have an unquenchable thirst for debt.


Read more at Reuters.com Mergers News

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