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STBL |
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Supporting this interpretation, the trend toward lower loan risk ratings was partially reversed in the February 2004 STBL as some banks were easing lending standards. The wider spreads evident in the STBL were mirrored in a substantial jump of spreads and fees on syndicated loans, particularly for weak-investment-grade and below-investment-grade borrowers, according to data collected by the Loan Pricing Corporation (LPC) (chart 19). Because the STBL uses a stratified sample of the banking universe, the large bank category in the survey is not the same as the 100 largest banks. |
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