Filed in archive
markets
by leon on March 24, 2008
Worrying news with reports that ratings agency Standard & Poor's has a report that 93 American companies are at risk of defaulting on $53 billion in debts, most of it coming from giant leveraged buy-outs carried out by the big private equity firms when the money was flowing thick and fast.
Another worrying piece of news for every company that has relied on the oxygen of debt to fuel their growth.
Just as worrying is the report that Goldman Sachs and Lehman Brothers have been put on negative outlook.
This is just the beginning. It's not going to get better.
Permalink: Credit binge hitting US firms
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/117767
Addthis
Ask
Blinklist
del.icio.us
Digg
Fark
Facebook
Google
Lycos
Ma.gnolia
Mr Wong
Netscape
Netvousz
Newsvine
Reddit
StumbleUpon
Slashdot
Tailrank
Technorati
Wink
Yahoo
Vote for Credit binge hitting US firms:
|
Rating: 9.00 out of 2 vote(s) cast.
|
Response from:
Worrying news with reports that ratings agency Standard & Poor's has a report that 93 American companies are at risk of defaulting on $53 billion in debts.
Subscribe
Use the search to look for other interesting posts
| RSS |  See all blog subscribe options |
 What is RSS? | |
| Yahoo! |
|
| Addthis |
|
| Bloglines |
|
| Newsletter | |
| Follow us on Twitter! |
