To drive down the cost of borrowing, bankers have begun using bank loan ratings rather than corporate debt ratings to determine the price of some loans.

Industry observers said the use of bank loan ratings to help determine spreads is almost certain to grow, because bank loans tend to get higher ratings than corporate debt.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.