NEW YORK (Reuters) - Kraft Foods Inc has obtained a $9 billion in bridge financing from a group of nine banks to back its 10.2 billion pound ($16.7 billion) bid for Britain's Cadbury Plc, bankers told Thomson Reuters LPC. Full Article

Rating agencies are inadvertently making things worse for loan investors by taking action against borrowers who are trying to reduce their debt load by purchasing back debt below par. Full Article | Comments [2]
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