Friday, July 13, 2007

LBO Credit Quality Rises for First Day in Six, Loan Default Swaps Show

(Bloomberg) -- The credit quality of companies
acquired in leveraged buyouts improved for the first day in six,
according to traders of credit-default swaps on European loans.

The iTraxx LevX Index of credit-default swaps on high-risk,
high-yield loans to 35 companies increased 0.2 percent to 98.61
at 10:50 a.m. in London, according to data compiled by
Bloomberg. The index fell to 98.41 yesterday, the lowest since
the LevX was established in October.


Read more at Bloomberg Bonds News

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