Private Credit Loss Rates Mark 'Decline in Standards,' Says Whalen
Chris Whalen, chairman of Whalen Global Advisers, says that the considerable loss rates he sees in private credit marks a 'decline in standards' in the investment landscape and that much...
By Bloomberg Markets · Bloomberg Markets
Chris Whalen, chairman of Whalen Global Advisers, says that the considerable loss rates he sees in private credit marks a 'decline in standards' in the investment landscape and that much of the damage goes on behind the scenes as private equity firms try to extract value out of investments. (Source: Bloomberg)