Episode Details
Back to EpisodesSwiss Cheese Covenants Are Beginning to Spoil
Episode 24
Published 2 years, 4 months ago
Description
Bond covenants are critically important protection for investors. Generalist Portfolio Manager Jerry Cudzil and Co-Head of Global Credit Steve Purdy discuss the weakening of those covenants over the past several years and how that trend is having a real impact on investors and outcomes.