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

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

Subscriber-only article

This article is available only to Creditflux subscribers and free trial users within 30 days of publication.

Already a subscriber? Not logged in? Click here to login.

If you have not already done so,
you may request a FREE TRIAL by clicking here

This trial will give you:
  • 4-weeks' free online access to our
    most recent subscriber-only articles
  • Daily breaking news alert sent by email
  • A print copy of Creditflux

If you currently have a free trial, you will see this message when you try to view articles older than 30 days.

TAGS: Direct lending North America Creditflux event

Comment by: Anonymous. Posted 2 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!