Article
Private Credit: The New Junk Bond Market
Private Credit: The New Junk Bond Market
Authored by Ed Dowd via Beyond the Narrative,
Private Credit: The New Junk Bond Market...Except It Lacks Transparency, Liquidity & Is About To Be Stress Tested
History
Private credit was born from the ashes of the Great Financial Crisis. In the aftermath of that debacle, regulators moved to limit the risks banks could take. Loans deemed too risky were no longer being originated by commercial banks. To fill that void, non-bank lenders stepped in, creating what is known as private debt or direct lending market. You...
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Summary:
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