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Article: Too Little, Too Late? Restructuring Pros Expect Credit Freeze to Thaw Slowly.
- Article from:
- PR Newswire
- Article date:
- November 11, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO, Nov. 11 /PRNewswire/ -- Most (66 percent) of the 35 Opinion Leaders in the Turnaround Management Association answering a "Flash Watch" one-question poll last week believe that the U.S. government rescue of the financial system will eventually free up credit for distressed businesses. However, respondents, who are turnaround and restructuring experts, are divided on when that critical capital will be available:
-- 29% -- by the 1st half of 2009
-- 23% -- by the 2nd half of 2009
-- 14% -- by the 1st half of 2010
The remaining one-third (34 percent) are more pessimistic, believing that the rescue plan as currently outlined will not be ...