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“The real issue around banks is about capacity. Banks will be wary of being sucked into too may large financings too regularly” |
The investment-grade corporate market has not been afflicted in the same way as high-yield debt and structured finance by the credit crunch. High-quality corporate credit markets have quickly reopened, especially in the US, where investors and issuers witnessed rampant volumes in August and September. The European market suffered from a more faltering start to the prolonged summer break.
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