The Credit Edge by Bloomberg Intelligence cover image

Bourbon and Bonds: The Credit Edge 2025 Outlook

The Credit Edge by Bloomberg Intelligence

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Navigating Credit Market Challenges and Liability Management Exercises

This chapter delves into the effectiveness of liability management exercises (LMEs), revealing their success rate and the challenges faced in the lower segment of the credit market. The discussion emphasizes the urgency of resolving financial issues out of court to prevent defaults and bankruptcies, advocating for consensus-building through liability management exchanges to better investor recoveries.

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