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Morgan Stanley says sees decline in 08 LBO activity

NEW YORK
Wed Dec 19, 2007 12:34pm EST

Stocks

   

NEW YORK (Reuters) - U.S. investment bank Morgan Stanley's (MS.N) Chief Financial Officer Colm Kelleher said on Wednesday he expects the bank's leveraged buyout business to decline in 2008, compared with this year.

Deals

Kelleher added that equity underwriting backlog has risen, citing strength in its European and Asian markets.

But junk debt underwriting backlog is lower, while the investment grade debt pipeline is higher.

(Reporting by Lilla Zuill; Editing by Andre Grenon)



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