Moody’s in thumbs-up to Europe’s corporates
By Anousha Sakoui
Published: October 4 2010 19:56 | Last updated: October 4 2010 19:56
European companies’ financial resources have returned to pre-financial crisis levels, as bond markets across the continent continue to set records.
According to analysts at Moody’s, the rating agency, the majority of European corporates have solid liquidity although a minority are presenting weaknesses.
With strong bond markets and “reasonable availability” of bank financing, the analysts did not expect liquidity to deteriorate in the near term. “The non-financial corporate sector has rarely, if ever, been in such good shape to take advantage of investors’ hunt for yield,” said Suki Mann, credit strategist. ...
Moody’s in thumbs-up to Europe’s corporates
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