Summary
Large European companies are scaling back expenditures and locking in funding from investors in the debt capital markets where they can amid continuing deterioration in bank lending markets.
Analysis
Roughly half the 263 large European companies surveyed by Greenwich Associates May 20 - June 5, 2009 say their access to bank revolving credit facilities and term loans continued to decline over the past three months.
This author consults with leading institutions through GLG
Analyses are solely the work of the authors and have not been edited or endorsed by GLG.
