Safety Becomes Stigma as Leveraged Loans Cut Out Covenants
A stack of U.S. one dollar bills (Photographer: Stephen Hilger/Bloomberg News)

Safety Becomes Stigma as Leveraged Loans Cut Out Covenants

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(Bloomberg) -- Protections have gotten so lax in the $1 trillion market for U.S. leveraged loans that if an offering comes with decent covenants, lenders take it as a sign that something’s wrong wi...
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