Sycamore Tree's Trey Parker, Market Recap, 3M and Cineworld: State of Distressed Debt
FICC Focus
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Is the Ratings Profile of the Bankland Market Changing?
The ratings profile, in the quality of that market has really changed. And i think that may be a better indicator, just overtime, of where perception of risk is. The larger preponderance of technology as a component of the loan market has certainly dragged down waight at average ratings and increased the size of the b three b minus part of the rating spectrum within within loans. That being said, a relatively a low base rate spreas, or base rate base rates, and relatively cheap and open access to capital markets is allowed sponsors to push the envelope as it relates to overall leverage profile. But do you worry about a sort of the te the credic quality underneath, or do you
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