Tag:
Senior Debt
Latest Headlines
Latest Headlines
Banks downgraded, but is too-big-to-fail really over?
Here's an unintended consequence of the broad move by regulators to end the too-big-to-fail era: Moody's has downgraded the debt of Bank of America, Wells Fargo and Citigroup.
The company downgraded Bank of America's long-term senior debt to Baa1 from A2 and its short-term debt rating to Prime
Morgan Stanley bucks earnings trend
While most big banks reported earnings well in excess of analysts' expectations, Morgan Stanley reported just the opposite: A per-share loss of $1.10 for the second quarter vs. an average loss estimate of 49 cents. Investment banking was a strong point; underwriting revenues rose 19 percent to $85
Glass half full or half empty in PE?
The private equity industry is at a crossroads. There's nothing new about that assertion. TheDeal.com offers an interesting look at where the industry goes from here. Some think the future is golden, in part because the industry is sitting on $470 billion in committed but un-invested capital,
Will PIK toggle bonds come back to hurt Apollo?
Recall back in the boom days of private equity, sponsors were calling the shots. One reflection of that was the rise in pay-in-kind toggle interest options on buyout debt. Pay-in-kind notes allow a company to pay interest with more debt rather than cash. TheDeal.com notes that before 2005, PIK
