Economics >>>

    Leveraged Loan Surge Above Par Puts Investors at Risk

    More speculative-grade U.S. loans are trading above par than at any time since May, JPMorgan data show. Click HERE for more.


    Linn May Repay Berry Debt, Mulls More M&A

    Linn Energy, the company that bought Berry Petroleum for $4.3 billion, may repay debt it incurred from the deal that’s due this summer with its line of credit, said CFO Kolja Rockov. Click HERE for more.


    China Debate: Prasad vs Pettis on the Future of China’s Growth

    Bloomberg Brief invited two leading China academics to discuss whether far-reaching reforms can maintain growth in the world’s second-largest economy at its current pace. Eswar Prasad says that expansion can continue at 6 percent to 7 percent, while Michael Pettis argues that rising debts and high costs of reform mean a sharp slowdown is inevitable. Click here [...]


    Davos Special Edition – Free Download Jan 22

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    Economics Review and Outlook 2014

    View the supplement via the above reader or Click here to download the PDF. Want to get more? Subscribe or trial using the links below.


    Pettis Debates Prasad on the Future of China’s Growth

    Bloomberg Brief invited two leading China academics to discuss whether far-reaching reforms can maintain growth in the world’s second-largest economy at its current pace. Eswar Prasad says that expansion can continue at 6 percent to 7 percent, while Michael Pettis argues that rising debts and high costs of reform mean a sharp slowdown is inevitable. Next week, [...]


    Pilgrim’s Pride Sees ‘Blessing’ in Debt Repayment

    Pilgrim’s Pride has paid down or plans to repay a total $410 million of term loans as soon as April, said Treasurer Gustavo Biscardi. Click HERE for more.


    Default Rate Seen Falling Fastest in Europe

    The U.S. default rate will end this year at 2.3 percent, up from 2.2 percent at the end of 2013 and down from 2.7 percent in the third quarter, according to Moody’s. Europe is expected to see the biggest fall in defaults, to 2.1 percent at year-end, from 3.6 percent in the third quarter of 2013. Click [...]


    Main Underwriters Buck Consensus on Loan, Bond Returns

    Most sell-side strategists expect loan returns to beat bonds this year. BAML and JPMorgan disagree. Click HERE for more.


    2013 Legal Adviser Rankings

    Skadden Arps, Davis Polk are up, Kirkland & Ellis is down. Click HERE for more.


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