Adverse market conditions force out high-yield deals

05/25/2010 | Wall Street Journal, The

Concern about Europe's sovereign-debt crisis and market volatility is prompting investors to punish corporate issuers of risky debt. Since April 29, seven offerings of high-yield bonds have been delayed or withdrawn, according to KDP Investment Advisers. Moody's Investors Service said uncertainty prompted by proposed changes to financial regulation also is adding to adverse market conditions for high-yield issuers.

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