Tough Choices for Specialty Finance CompaniesRobert Mcnatt
Since fall 2008, when the turmoil in the U.S. financial sector began in earnest, Standard & Poor's Ratings Services has seen significant deterioration in credit quality among specialty finance companies. These companies are nonbank lenders that make loans to a wide array of businesses—often in the middle market—and to consumers for specific uses, such as car purchases or education.
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