Spanish SME credit fund’s fraud complaint unnerves investors

By Mike Peterson

Friday, June 02, 2017

An asset manager has sent shockwaves through Spain’s SME financing market by revealing that over half the assets backing a small domestic bond issue may be fraudulent

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TAGS: Direct lending Europe

Comment by: Anonymous. Posted 6 years ago [2017-06-02 15:19:10]

Certainly unnerving - I've never heard of these rating agencies Creditreform and Axesor. I wonder if they'll plead the "Enron Defense" and say they do not rate fraud risk.

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