Trends & analysis: Interpreting the current credit markets
The financial crisis has had a deep impact on economic activity over the last 18 months. What started as a problem related to the securitization of sub-prime mortgages has expanded to affect practically all aspects of the economy. Bank financing has been scarce, not only for leveraged buyouts or other mergers and acquisitions, but also to fund the everyday operations of companies large and small.
However, while still in its early stages, Lincoln International is beginning to see a slight recovery in the credit markets. See charts below.