2 Debt Instruments Pose Peril to Millions of Investors
Coaching Tip
OCTOBER 14, 2016
Investors should pay close attention to this development, because this is exactly what happened before the 2007-2009 financial crisis. 27): Just 35 percent of new leveraged loans issued in 2016's first half had traditional covenants that require regular financial check-ups, compared with 100 percent in 2010.
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