Tuesday, October 28, 2008

Corporate Leveraged Loans Face Shaky Future

A rash of downgrades of the underlying collateral on the loans - such as the recent downgrade of loans associated with billionaire Sam Zell's acquisition of Tribune Co. last year - can trigger a round of sell-offs as rating agencies limit the amount of low-rated debt that can make up the instrument. [Click for MORE] Sphere: Related Content

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