JPMorgan's (JPM) decision to single-handedly underwrite AT&T's (T) $20B bridge loan is a...

|About: JPMorgan Chase & Co. (JPM)|By:, SA News Editor

JPMorgan's (JPM) decision to single-handedly underwrite AT&T's (T) $20B bridge loan is a 'credit negative,' says S&P analyst Sean Jones. The move "highlights JPM's increased appetite for risk," and "may encourage more banks to take on greater single-risk exposure, which would be credit negative for the industry."