Lyondell Chemical issued the fist covenant-lite loan since the financial crisis subsided. Senior editor Paddy Hirsch explains what a cov-lite loan is, and why their return could be bad for the economy.
So cov-lite means a borrower is without an obligation to meet certian conditions set by the lender within the durration of a loan. What is the difference terminology wise between this and lending standards (if cov-lite, then, is a standard itself)?
as usual amazing SIR!
sdsabnis 1 year ago
The return of this type of loans indicates a recovering economy with less pre-condition required to access liquidity.
drmkkk 1 year ago
it sound like a double dip. In other words we are getting tea bagged.
Richardwinkel 1 year ago
So cov-lite means a borrower is without an obligation to meet certian conditions set by the lender within the durration of a loan. What is the difference terminology wise between this and lending standards (if cov-lite, then, is a standard itself)?
hardhittn63 1 year ago
Always a pleasure watching these videos. :-)
CabronDioz 1 year ago
Thanks Paddy!
Rook1515 1 year ago
I have become a drunkard after watching these videos :)
Oh!! Will we never learn? Reflating a sagging balloon is an exercise in futility...
0musing 1 year ago 2