credit syndicates
1 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement Nov 4, 2019 by Dawn Fitzpatrick · across every show →
Everything said about credit syndicates, oldest first
Nov 4, 2019 negative
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…”