Refinancing activity drove new issue spike, even as defaults rise
Asset quality, capital expected to remain strong
Effects likely to be focused on weaker, low-rated issuers
The loan is repayable with interest
Association has made no provision for $2.6 million in ongoing legal claims
Defaults, delinquencies poised to rise for rate-sensitive borrowers
Bond issuance up, driven by accelerated refinancing
Investment banking gains cushion weakness in banking: Fitch
The group called for action on shadow banking reforms in letter to G20
Other forms of borrowing decline, led by HELOCs