Lenders Steel Them­selves for More Bad Loans

The Economic Times - - Money & Banking -

Equity in­vestors may be cheer­ing the rally in steel stocks, but not bankers. With the in­dus­try among the most in­debted, bankers are des­per­ate to sell bad loans in the sec­tor, but there are hardly any buy­ers. Some bankers who thought they could take some stressed as­set to the country’s big­gest pri­vate pro­ducer of the metal got a rude shock. The com­pany is also fac­ing dis­tress and sell­ing its over­seas busi­nesses. Now, where can the lenders go?

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