In detail: ‘Collateral Stripping,’ ‘Incremental Facilities,’ ‘Cov-Lite,’ & ‘EBITDA Add-Backs’
Will this Scheduled Bloodbath in Corporate Debt Deter the Fed?
Credit bubble reflates. PE firms back at it. Investors go blind.
Everyone but China.
Distress ratio spikes to Financial Crisis level.
“Distress” in Bonds Spirals into Financial Crisis Conditions
Financial Fallout Spreads.
At the worst possible time.
CEOs, Wall Street are furiously making hay while the storm moves in.
Blood-soaked investors are ruing the day.