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Article: Bank-to-bank loan rates fall for sixth day
- Article from:
- AP Online
- Article date:
- October 20, 2008
- Author:
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As bank-to-bank lending rates slide lower, the credit climate is looking a bit brighter _ at least for stronger companies.
The fear of a complete shutdown in lending is fading, but there remains a sense that when it comes to getting loans, U.S. businesses are going to be divided into haves and have-nots. As a result, the corporate landscape could look very different a year from now.
"The general economy was weakening, and that weakening has taken a turn for the worse. And any company that was already facing more challenging business conditions, when they're confronted by tighter credit, it gives them one less degree of flexibility," said Robert DiClemente, an ...