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Thu, May 02, 2002 - Page 21 News List

Lending tight at US institutions

CONSTRICTED CAPITAL As the US economy slowed last year, banks became more cautious about giving out loans


Banks also have become more cautious because of a rise in corporate bankruptcies and increased bad loans. A case in point is Dynegy's new credit line, which Chief Executive Officer Chuck Watson said gives the company US$1.4 billion in available cash and credit.

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