(Reuters) - Diversification is allowing the banks to post solid results despite write-downs resulting from a severe decline in prices and evaporation of liquidity in the subprime sector, Moody's said.
The rating agency said it is still reviewing the impacts of weakness in the market for leveraged loans, those issued by noninvestment-grade companies. A number of banks were recently left with leveraged loans on their books after failing to syndicate new issues as investor demand vanished.
Read more at Reuters.com Bonds News
The rating agency said it is still reviewing the impacts of weakness in the market for leveraged loans, those issued by noninvestment-grade companies. A number of banks were recently left with leveraged loans on their books after failing to syndicate new issues as investor demand vanished.
Read more at Reuters.com Bonds News
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