Credit Suisse: "Comfortable" With Leveraged Loan Exposure

ZURICH (Dow Jones)--Swiss bank Credit Suisse Group (CS) sought Thursday toallay fears of an international credit crunch, saying it is comfortable with itsposition as an issuer of leveraged loans.

"We have a discriminating nature to the deals we have done, and we look atthem as if we hold the credits on our own balance sheet," Paul Calello, head ofCredit Suisse's investment bank, said at a press conference here.

Calello emphasized however that Credit Suisse always seeks to syndicate, orparcel out, the loans, not hold them itself.

His comments came in the context of the dramatic slowdown in leveraged loans,the typical mechanism for most private equity deals.

(MORE TO FOLLOW) Dow Jones Newswires 08-02-07 0442ET Copyright (c) 2007 Dow Jones & Company, Inc.

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