TPG CAPITAL REAFFIRMS COMMITMENT TO BANKTHAI INVESTMENT
Plans to retain existing 42% stake
Appoints experienced Senior Advisor and executives to drive operational improvements
15, from 637 basis points on Jan. 15,” said Diane Vazza, head of Standard & Poor’s Global Fixed Income Research Group. “The leveraged-loan market also experienced a rapid advance in distress in January. The S&P/LSTA Leveraged-Loan Index distress ratio shot up to 6.9% in January, from 3.2% in December. This is one of the highest monthly rates in this series and the highest reading since March 2003. For the past two years, the distress ratio has been near or below 1%.”