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Capital Markets

Contract Language for Libor End Falls Short

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July 25, 2018

Fitch says current language in contracts related to syndicated loans is inadequate and could lead to repricing

Despite overall inertia about moving away from the London Interbank Offered Rate, there have been a few proactive organizations who are at least looking to amend the language in the documentation. The problem is, just changing the language may not be enough, according to Fitch Ratings. And unless it’s revised again, some $4 trillion in syndicated loans could be repriced. If this happens, it may have an impact on ratings, Fitch said in a research document.
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