U.S. corporate debt is at 70% of U.S. GDP and is likely to continue rising if interest rates are cut. Covenant-lite and document-lite loans will also continue to rise. These trends should be troubling for investors, regulators, and taxpayers.
U.S. corporate debt is at 70% of U.S. GDP and is likely to continue rising if interest rates are cut. Covenant-lite and document-lite loans will also continue to rise. These trends should be troubling for investors, regulators, and taxpayers.
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