(Bloomberg) -- On Wall Street, where the most
lucrative credit markets are barely limping thanks to the worst
housing slump in a decade, there isn't a chief executive officer
who will tell you there is a crisis.
A few weeks after Merrill Lynch & Co. CEO Stanley O'Neal
said he saw ``no clear signs'' that rising delinquencies on
subprime U.S. mortgages were hurting the rest of the debt
markets, borrowing costs for non-investment grade companies rose
to the highest in eight months. ServiceMaster Co., US
Foodservice and 19 other companies have canceled bond sales
because nobody wants to buy them.
Read more at Bloomberg Bonds News
lucrative credit markets are barely limping thanks to the worst
housing slump in a decade, there isn't a chief executive officer
who will tell you there is a crisis.
A few weeks after Merrill Lynch & Co. CEO Stanley O'Neal
said he saw ``no clear signs'' that rising delinquencies on
subprime U.S. mortgages were hurting the rest of the debt
markets, borrowing costs for non-investment grade companies rose
to the highest in eight months. ServiceMaster Co., US
Foodservice and 19 other companies have canceled bond sales
because nobody wants to buy them.
Read more at Bloomberg Bonds News
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