Chemical-financing market is recovering, expert says

05/26/2010 | ICIS Chemical Business (U.K.)

Peter Young, president of Young & Partners, cited several factors that triggered recovery in the chemical-industry financing market, including a surge in nonbank debt markets and a weaker bank-debt issuance. Global nonbank debt financing in chemicals increased from $11.1 billion in 2008 to $33.1 billion last year, as investors moved to accept extra risk. Banks have also been holding back on lending, as many commercial real estate loans are maturing or have the potential for defaulting.

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ICIS Chemical Business (U.K.)

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