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High Yield Defaults

Credit Snapshots – April 2018

April 28, 2018 by Jonathan Rochford

Credit Shapshots

Covenant Lite You know it’s late in the credit cycle when credit investors give away their key protections in return for just a little more yield. This acquiesce comes in different forms, including higher levels of leverage, longer dated debt, subordinated debt and weakened or eliminated covenants commonly referred to as “covenant lite”. This risk […]

Filed Under: Credit Tagged With: Anbang Bailout, Covenant Lite, Credit Snapshots, High Yield Defaults

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