Credit Syndicates
topic on 1 show · 1 statements across 1 episodes
1 statements about Credit Syndicates, every show
Fitzpatrick: Large lending syndicates produce lowest-common-denominator credit workouts
“Invariably in a moment in time when something goes wrong in a credit deal, if you're trying to solve for 20 utility curves, forget it. It's going to be lowest common denominator, versus when we do deals, it's only us or us and one or two trusted partners, so t…”