Haven or hell?
The buoyant high yield markets continue to lure yield-hungry investors, as well as sponsors rushing to (re)finance deals. But now, as a result of the boom, covenant quality is at a record low.
14 March 2014•3 mins read
The buoyant high yield markets continue to lure yield-hungry investors, as well as sponsors rushing to (re)finance deals. But now, as a result of the boom, covenant quality is at a record low.
