This chapter explores the pandemic's effects on corporate finances, highlighting the necessity for better communication from management regarding revenue and costs. It emphasizes understanding the 'new normal' and the role of transparency in helping investors predict future performance.
The Covenants by Reorg team speaks to Muzinich & Co’s Senan Kiran about the multiple factors driving covenant pushback, of which the credit story is just one; the use if flexibility in documents: Caveat Emptor - know your documents; and IFRS 16, calculating covenant capacities and campaigning to increase transparency.
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