Saturday, July 24, 2010

Bullock: Credit spreads predicted to widen

Credit spreads for a broad range of companies in both the US and Europe are expected to widen over the next three months amid concern about the global economic recovery and the possibility of a sovereign default, according to a survey of credit portfolio managers at financial institutions around the world...

The IACPM, which consists of credit portfolio managers at 88 banks and other financial institutions in 14 countries, conducted the quarterly survey among its members. Sentiment turned negative in the second quarter after several quarters of improving forecasts.

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