Bloomberg ran a story last week about the price of credit default swaps for Bank of America recently soaring. Referenced in the article was the Markit CDX North America Investment Grade Index “which investors use to hedge against the losses on company debt or to speculate on creditworthiness.” Trying to get a good handle on overall credit …
From The Economist: Pockets of Credit, Nineteenth Century Banking Makes a Comeback This month’s article highlights a number of new firms that are going after middle market lending when many banks and other financial institutions have retreated from it. Some new funds, using not-federally-insured cash are making bets on specific segments of the middle market with …
There’s been increasing attention on middle market companies (an under-defined group, but somewhere in the $5M to $1B revenue range) as the unsung heroes of the US economy. This relatively small group of 200,000 is responsible for 35% of the employment and 40% of GDP. With over 27 million total businesses in the US of which 6.2 …
