(Reuters) - The U.S. credit market is in turmoil amid escalating
defaults on risky subprime mortgages and a growing distaste for
the high-yield debt that has fueled a global merger and
acquisition boom.
That's good news for people who specialize in assessing
credit risk and can restructure troubled portfolios of
securities tied to subprime mortgages, or loans to people with
weak credit. But it is not so good for people who sell
structured credit products, such as CDOs backed by pools of
subprime mortgages or bank loans.
Read more at Reuters.com Mergers News
defaults on risky subprime mortgages and a growing distaste for
the high-yield debt that has fueled a global merger and
acquisition boom.
That's good news for people who specialize in assessing
credit risk and can restructure troubled portfolios of
securities tied to subprime mortgages, or loans to people with
weak credit. But it is not so good for people who sell
structured credit products, such as CDOs backed by pools of
subprime mortgages or bank loans.
Read more at Reuters.com Mergers News
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