Private credit could prevent corporate bankruptcies / create zombie firms
By Hicbd
Tue Dec 10 2024 11:53 am
"Now, however, with the rise of private credit, corporate debt is increasingly held in purely private hands, even for some very large firms. As a result, the entire chain of ownership and investment from the company to the ultimate investor is private, on both the equity and the debt side. The consequences of this are significant and potentially troubling: a very large segment of the US economy may go dark entirely."
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