The European Financial Crisis and U.S. Financing Opportunities
The European financial crisis has sent jitters around the world. For corporate financial managers in the United States the crisis raises questions about the availability of credit for mergers and acquisitions, operating lines and other purposes. So far it appears that credit availability is good for firms with strong financials, though companies with marginal strength are still having difficulties securing loans.
Some signs of financial stress have been pushed upward, but by a surprisingly small magnitude. To gauge this, the following table shows various indicators of financial stress. The first column numbers are the average prior to the worst of the financial crisis, in the fall of 2008. The second column shows the worst of the crisis, the third column the post-crisis low, and the final column the latest available.
via Businomics Blog: The European Financial Crisis and U.S. Financing Opportunities.