Today's Wall Street Journal (subscription required) reported credit is getting tighter and more expensive according to a study released last week by Greenwich Associates.The survey was based on a February poll of 300 large companies in Asia, Europe and the United States.
On the surface, the conclusion of tighter and more expensive credit doesn't surprise me.
What does surprise me is that the study reaches the conclusion the credit crunch is hardest on "smaller" companies and those with below investment grade credit ratings.
Now I admit to not having seen a copy of the study. But exactly which of those 300 large companies are considered "smaller"? Would that be the small "large" companies with only $500 million of revenue or only $5 billion of revenue?
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Tags : Wall Street Journal , Greenwich Associates , credit crunch , small business
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