The Perils of the One-Stop Financing Shop

Manning, Jeffrey R.
September 2007
High Yield Report;9/10/2007, Vol. 18 Issue 34, p6
The author reflects on the status of credit market in the U.S. He states that going to the fourth quarter of 2007, all signs point to a pickup in defaults and restructuring , leading companies to face the perils of the one-stop financing shop in a manner never seen before. He adds that the one-stop shop, combined with the derivative blended capital issues coming from the secondary trading of debt securities, may become a major source of recovery for bondholders and other unsecured debtholders.


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