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SNC: Leverage in the Time of COVID

For years, commentators have debated whether leveraged loans have credit risk (the risk of losing money due to principal loss), systemic risk (the risk that…

Leveraged Lending: Regs & Stats

The past week has brought two notable research pieces on the state of credit. First, last Friday, saw the release of the Shared National Credit…

SNC Snapshot

Last Wednesday, the Shared National Credit (“SNC”) Review, which assesses credit risk trends in the syndicated loan market, was released. The headline was that riskiness…

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