久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

您現在的位置: Language Tips> Audio & Video> Special Speed News  
 





 
Will credit risk weigh down debt markets?
[ 2007-08-10 17:30 ]

 

Download

 

This is the VOA Special English Economics Report.

Liquidity is the ease with which an investment can be sold and turned into money. For example, when a stock is traded easily, the market for it is said to be liquid.

Liquidity can also suggest the ease with which money can be raised in debt markets.

And this is where concerns are being raised. Offering credit always carries some risk that the loan will not be repaid. Now experts are saying that investors are as concerned about debt risk as they have been since two thousand one.

One way to measure investors' concern is by their willingness to buy new debt investments. Recently, banks, led by J. P. Morgan, postponed the sale of twelve billion dollars in bonds for the carmaker Chrysler.

The bond offering was part of a deal by private equity company Cerburus Capital Management to buy Chrysler from German carmaker Daimler. Reports say the deal is not in danger. But it could mean an increase in borrowing costs.

American markets are not the only ones in which banks are having trouble selling bonds. American private equity company Kohlberg Kravis Roberts hoped to raise over ten billion dollars in bonds. This was part of a deal to buy Alliance Boots, a European company that sells medicines. But a group of banks had to postpone the sale because of a lack of buyers.

Conditions for big deals by private equity companies appear to be cooling. Private equity companies depend on liquid debt markets to lend them money. And investors are less willing to put money into debt securities.

Part of this is the flight from risk involving investments based on subprime home loans. These loans carry lower than average credit quality but also pay higher interest rates. Credit rating agencies are now recognizing that investments based on subprime home loans are riskier than investors have thought.

Too many high-risk loans were blamed for the failure of the nation's second largest subprime lender. New Century sought bankruptcy protection from its creditors in April.

Investor flight from risk means that debt market liquidity could dry up as interest rates rise. But it is too early to tell.

The Federal Open Market Committee of the Federal Reserve did not change the federal funds rate when it met on Tuesday. The important interest rate remains at five and one fourth percent.

And that's the VOA Special English Economics Report, written by Mario Ritter. I'm Faith Lapidus.

點擊進入更多VOA慢速

(來源:VOA  英語點津姍姍編輯)

 
 
相關文章 Related Stories
 
         
 
 
 
 
 
         

 

 

 
 

48小時內最熱門

     
  女孩的心思誰能猜:Suspended from class
  各種各樣的“錢”
  “搶鏡頭”怎么說
  姚明婚后打算:備戰奧運第一

本頻道最新推薦

     
  女孩的心思誰能猜:Suspended from class
  《說點什么吧》:Say something anyway
  Mountain and cowboy culture meet in Jackson Hole
  Livestock disease spreads in Britain
  Working magic in the garden with beans

論壇熱貼

     
  形容人有“親和力”都有哪些形容詞?
  “低生育,素質好,男女都是寶”,怎么譯為好?請教高手!
  請問“老鄉”這個詞怎么翻譯?
  C-E: how to say "路盲"?
  各位,“相親”英語怎么說?
  指紋上的ridges and loops是什么意思?






主站蜘蛛池模板: 日本aaaa级毛片在线看 | 中文字幕成人免费视频 | 国产一级真人毛爱做毛片 | 亚洲综合天堂网 | 国产高清视频a在线大全 | 国产夫妻视频 | 成人国内精品久久久久影院 | 中国一级毛片在线观看 | 精品小视频在线观看 | 午夜丝袜美腿福利视频在线看 | 免费看久久 | 成人看片黄a在线看 | 加勒比色综合久久久久久久久 | 亚洲国产在 | 免费高清在线爱做视频 | 国产日韩免费 | 欧美亚洲另类久久综合 | 日韩亚洲一区中文字幕 | 亚洲一区二区三区91 | 成人亚洲在线 | 免费鲁丝片一级观看 | 成人毛片在线播放 | 中文字幕精品在线观看 | 久久久国产精品免费 | a级国产乱理伦片在线观看国 | 久视频免费精品6 | 经典三级在线视频 | 久草免费网站 | 亚洲成人视 | 色碰碰| 毛片爽爽爽免费看 | 可以免费看黄的网站 | 成年人网站在线观看免费 | 日韩国产成人资源精品视频 | 国产成人精品一区二区秒拍 | 青青青免费手机版视频在线观看 | 国产一区二区在线看 | 国产色视频在线观看免费 | 免费一级欧美片片线观看 | 99久久精品国产片久人 | 国产在线91精品天天更新 |