A continued deterioration in the quality of syndicated bank loans, consistent with general economic, sectoral and credit market trends is indicated in the 2001 Shared National Credit (SNC) review, recently released by the Federal Reserve Board, the FDIC and the Office of the Comptroller of the Currency.
The results are based on analyses that were prepared in the second quarter and reflect business and economic conditions that prevailed at that time.
The report said that several key factors have adversely affected the quality of syndicated loans over the past several years, including bank underwriting and risk selection standards, and economic factors. The …
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