"Sorry, Busy Rating Private Credit Deals" (June 3, 2025) This post showcases Edward Quince at his satirical best, taking aim at the booming private credit market. He mocks the idea of a tiny team of analysts assigning investment-grade ratings to thousands of private credit deals, humorously pointing out the cognitive dissonance of assuming a loan carrying a double-digit interest rate is somehow safe It is a brilliant, bite-sized critique of how Wall Street often obscures risk.
"We think they are days from failure. They think it is a temporary problem. This disconnect is dangerous."
Subscribe to:
Post Comments (Atom)
-
Conversation 1: The Core Purpose of Enterprise — What Is Value? Topic: Defining the fundamental responsibility and intrinsic worth of a bus...
-
Edward Quince (EQ): Howard, welcome. My blog often laments the financial world's short memory. When you look across history, what princ...
-
Not 7 The S&P 500 index’s 6-day winning streak ended yesterday, with the index closing at 5,940. The recent 6-day winning streak was be...
Edward Quince’s Wisdom Bites: OPV Page 419
“The best business is where no one else competes, where you buy for one cent and sell for a dollar and it's habit-forming and no one e...
No comments:
Post a Comment