The leveraged loan bubble that might burst

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  • The leveraged loan bubble that might burst
    The leveraged loan bubble that might burst

    Covenant-lite (cov-lite, for short) loans have come to dominate the leveraged loan market since the end of the Great Recession, an economic catastrophe the financial world has seemed to have learned nothing from. To recap the Great Recession in extremely cursory fashion, recall that in the early- to mid-2000s, […]

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