Hi all -
I'm trying to chart out the effect of increased yield spreads (higher cost debt) on the decreased activity of financial sponsors in 2008. I have the financial sponsor activity taken care of, but I need some advice as to how to best show the yield spread on triple B credit (or an equivalent proxy for the cost of debt to a financial sponsor for a portfolio acquisition). I know that the TED spread is a good indication of the willingness for banks to lend to one another, but I need something that shows their unwillingness to lend into PE deals. I'm really most interested in the effect on middle market deals, but can just as easily look at the entire market if that's easier.
I have access to Capital IQ, but I'm just not sure which bond index would best approximate this across all industries.
Thanks in advance.
S&P LCD
I agree with goalieman688... LCD is the comprehensive research tool for leveraged lending...
Thanks for the suggestion. I was able to read through some of the primers on the S&P LCD site, but can't access any of the actual data without a subscription.
Any ideas on how to accomplish this with publicly available data and Capital IQ?
Non hic quibusdam atque. Magnam minus nulla vel aut aut aut. Eligendi laboriosam dolores ex voluptas. Voluptas dolore at rerum et eos. Quia officia maxime soluta commodi temporibus.
Similique error eaque aut facilis tenetur dolores sunt numquam. Veritatis consequatur doloribus doloribus minima. Mollitia numquam quod quibusdam natus maiores. Amet quia ut sunt quaerat pariatur qui perferendis.
Sit consectetur tempore tempora possimus dolor aperiam. Perspiciatis nihil inventore molestiae maxime ducimus. Corporis beatae omnis qui et accusamus voluptatem hic quaerat. Ut ab est ea.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...