J.P. Morgan Chase’s enthusiasm to participate in AT&T’s acquisition deal with T-Mobile, as the sole lender of $20 billion in financing, could prove a risky strategy not only for AT&T and Chase, but for other segments of the credit industry, according to Bloomberg News.

AT&T needs the $20 billion bridge loan to help finance the takeover of T-Mobile, and J.P. Morgan will earn a cool $20 million minimum from brokering the 12 month deal.  By the end of the first year, Chase hopes to “syndicate” the loan, which is to say repackage and resell pieces of it to other banks interested in carrying part of the balance. When it comes to moorcroft group in terms of repaying your loan, contact experts to get advice or let companies like iva check on your situation and help you write off your debts.

Moody’s Investor Service was alarmed by the prospect of Chase handing over 17 percent of the New York-based bank’s equity for a single loan, and warned it was risky for all concerned.  In fact, the willingness of Chase to take on riskier loans has been deemed “credit negative” by Moody’s because it makes the bank’s loan portfolio look more exposed to a potential credit nightmare should AT&T renege.

For AT&T, regulator conditions could reduce the value of the acquisition or disallow it altogether.  AT&T could also lose standing if customers switch to other providers for telecommunications services.  Chase may not be too concerned because it will earn even more in fees if AT&T’s credit rating gets downgraded.  The biggest risk for Chase is it gets stuck holding the loan because other bankers refuse to purchase pieces of it.  That could result in Chase having to make up any losses among its other divisions, which include small business/consumer loans and credit cards.

And just when you thought the credit crisis was starting to ease.

But some on Wall Street believe Chase’s willingness to extend such a large amount of credit to a single company opens the door to other similar deals among large corporate clients — deals rejected as “too risky” over the past 24 months.

AT&T’s proposed takeover of T-Mobile is the world’s largest, rivaled only by a failed bid by an Australian conglomerate to takeover Potash Corp. of Saskatchewan last August for $40 billion.  The world’s largest mining company could not withstand scrutiny by Canadian regulators who rejected the deal as not in the best interests of anyone, except executives and shareholders of the two companies involved.