search query: @indexterm CREDIT MARKETS / total: 99
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| Author: | Chu, F.J. |
| Title: | The high-yield debt market: trash or treasure? |
| Journal: | Journal of Business Strategy
1990 : JUL-AUG, VOL. 11:4, p. 42-47 |
| Index terms: | DEBT MANAGEMENT CREDIT MARKETS |
| Language: | eng |
| Abstract: | If the high-yield market can adjust itself to the loss of a leading market maker and absorb the current credit problems of some of its major over-leveraged issuers via bankruptcies or recapitalizations, then it can emerge as a viable financing tool for corporate managers in the 1990s. If so, the high-yield debt market will remain an important strategic financial alternative in the capital structures of medium- and large-size corporations and not merely an aggressive weapon used to finance hostile corporate takeovers. |
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