(Bloomberg) -- Investor confidence in the ability
of companies to repay debt used to finance leveraged buyouts
fell to the lowest in at least nine months in Europe as lenders
shun risky assets.
The iTraxx LevX Index of credit-default swaps on loans to
35 European companies owned by buyout firms from Blackstone
Group LP in New York to London-based Apax Partners Worldwide LLC
fell to 97.75, the lowest since the index started last October,
according to data compiled by Bloomberg. The LevX reached a high
of 101.53 in February and traded at 98.76 yesterday.
Read more at Bloomberg Bonds News
of companies to repay debt used to finance leveraged buyouts
fell to the lowest in at least nine months in Europe as lenders
shun risky assets.
The iTraxx LevX Index of credit-default swaps on loans to
35 European companies owned by buyout firms from Blackstone
Group LP in New York to London-based Apax Partners Worldwide LLC
fell to 97.75, the lowest since the index started last October,
according to data compiled by Bloomberg. The LevX reached a high
of 101.53 in February and traded at 98.76 yesterday.
Read more at Bloomberg Bonds News
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