Credit investors see “cascade of stupidity” over US earning definitions

Thursday, June 22, 2017

Borrowers and sponsors are becoming much more aggressive in redefining earnings in order to attract financing, attendees at the Creditflux Private Credit conference heard yesterday

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TAGS: Direct lending North America Creditflux event

Comment by: Anonymous. Posted 6 years ago [2017-06-23 15:43:06]

Good analysts trust their own (rather than the borrower's) metrics. Just don't let the "stupidity cascade" be enshrined in the loan covenants!

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