Exact(18)
Bonds and loan prices are complicated by other factors, such as liquidity, currency risk and interest-rate risk.
Median loan prices were lower than those in 2002 when defaults peaked, even though very few defaults have actually occurred.
Many analysts say the financial health of many companies has not deteriorated as much as loan prices suggest.
The Treasury Department's sponsorship also permits a degree of collusion that might normally be considered illegal — banks aren't typically allowed to work together to set loan prices.
This has made it harder for banks to earn income from the difference between their own borrowing costs and loan prices.
Falling bond and loan prices indicate that private equity firms may struggle to profit from their investments, after a record $1.4 trillion of takeovers in 2006 and 2007.
Similar(39)
This is a record, says the Loan Pricing Corporation, an information firm.
Such locks typically guarantee your loan pricing for 30 to 45 days.
Our team members make loan pricing decisions based on credit and transaction risks, consistently treating our customers fairly".
It is not yet clear if PG&E has drawn down the backup credit lines, Loan Pricing said.
"It's a case of haves and have-nots," said Meredith Coffey, head of research at the Loan Pricing Corporation, which tracks the corporate lending market.
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