State of Distressed: Bloomberg’s Diaz-Matos on LME Whack-a-Mole
“Even when you think you’ve patched the last three holes ... what does it matter that you actually blocked one, two, and three if the company can still get there...
By Mariam Traore · Bloomberg
“Even when you think you’ve patched the last three holes ... what does it matter that you actually blocked one, two, and three if the company can still get there through route four?” observes Alex Diaz-Matos, Bloomberg Intelligence senior covenant analyst, on the game of whack-a-mole between creditors and borrowers in today’s bloated credit agreements. In this episode of the State of Distressed Debt podcast, Bloomberg Intelligence analysts Phil Brendel and Negisa Balluku sit down with Alex to ex