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Even leveraged deals still being underwritten, though banks are selective
Liquidity event at American manager comes at fraught time for industry
Major sectors in leveraged loans are trading down, making shrewd credit selection vital
Deal could include $950m of bonds
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Skeleton staff remains in DCM and bond syndicate -
Rating agency sees most defaults in Germany and France but one CLO manager argues forecast is 'negative'
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Car maker’s stock has rallied 122% over the past year as it battles to return to profitability
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Investors are concerned about Altice as defaults begin
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Others to follow JP Morgan but may have to pay up for leveraged loan deals
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There is growing clamour in EMEA ECM for more primary capital raising by issuers
