Wednesday, July 25, 2007

chryslter's bankers may take on debt

--Chrysler's attempt to tap debt market for $20 bil will hit a critical juncture. --bankers will have to step up with a large part of the money because invesetors demand hasn't been strong enough --The $20 bil deal was announced on Mahy 14 and was expected to complete by Sep --The mood of the debt market could also influence Ford's asset sales, including its effort to eliminate the Jaguar and Land Rover brands from its portfolio. --Bill Gross, managing director of Pacific Investment Management Co, pointed to the Chrysler deal as a landmark for the debt marekt "their world has suddenly changed"

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