Press Releases
June 14, 2012
Mixed Expectations for Short & Long Term Lending in Phoenix Survey Results
Philadelphia (June 14, 2012) —- Results of the second quarter Phoenix Management “Lending Climate in America” Survey finds that lenders” short term expectations for lending and the economy are down from previous quarters. Lenders demonstrated a bit more optimism about the economy longer term.
Domestic lending segments (corporate, middle market and small business) decreased by five percentage points on the diffusion index compared to last quarter’s survey. Also, senior debt to EBITDA ratios show slight tightening of lending standards reversing the trend from most prior quarter’s easing. However, longer term outlook shows slightly improved economic sentiment. Ninety-five percent of lenders believe the economy will perform at a “C” level or better in the six to twelve month period, compared to eighty-three percent in the previous quarter. Ninety five percent of lenders believe the economy will perform at a “C” level or better in the six to twelve month period, compared to eighty three percent in the previous quarter.
“In terms of the economy, lenders outlook regarding macroeconomic indicators remained largely unchanged from quarter to quarter,” says Michael Jacoby, Phoenix Senior Managing Director and Shareholder. “However, lenders did expect unemployment to improve.”
To see the full results of Phoenix’s “Lending Climate in America” Survey, pleasure visit http://www.phoenixmanagement.com/survey/
About Phoenix:
For over 25 years, Phoenix has provided smarter, operationally focused solutions for middle market companies in transition. Phoenix Management Services¢ provides turnaround, crisis and interim management, specialized advisory and operational due diligence services for both distressed and growth oriented companies. Phoenix Capital Resources¢ provides seamless investment banking solutions including M&A advisory, complex restructurings and capital placements. Phoenix Capital Resources is a U.S registered broker-dealer and member of FINRA and SIPC. Proven. Results. If you would like to learn more about Phoenix please visit http://www.phoenixmanagement.com/ or http://www.phoenixcapitalresources.com/
CONTACT: Michael Jacoby
610-358-4700
mjacoby@phoenixmanagement.com
