Bloomberg Businessweek Weekend - June 30th, 2023
Bloomberg Businessweek
00:00
The Recession of the Mid-Tier Market
The more aggressive lenders who are out there maybe getting slightly higher returns, kind of pushing the envelope from a credit perspective. Suddenly those companies just don't work anymore, right? A company that was six or even seven times levered in the old world is underwater at current interest rates. And I would say the more marginal players are going to get washed out.
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