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Crossover Credit |
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Crossover Credit A situation in which a bond is speculative grade but very close to investment grade or vice versa. It often refers to a split rating in which one credit rating agency gives the bond an investment grade rating and another gives it a junk rating. Generally speaking, regulators require bonds to receive investment grade ratings from two different agencies. Thus, crossover credit is often not strong enough to allow banks to invest in them. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| In addition, Anuj Gulati recently joined CSAM as a Vice President from TIAA-CREF, where he was an investment grade and crossover credit analyst. Both the primary and secondary markets are covered with particular emphasis on distressed loans, high yield bonds and crossover credits as well as structured credit including CDOs and credit default swaps. Sandy Liang made his comments at Thursday's Bear Stearns High Yield and Crossover Credit Conference. |
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