The New Confidence
New York | This week in The Institutional Risk Analyst, we note a couple of reader comments. First, we’ve been accused of having a fixation on the insolvent Chinese aviation conglomerate HNA. Another reader claims we have a CLO fetish in the wake of several posts on the subject. Guilty on both counts. And it was suggested by a reader that we don’t give leveraged loans sufficient credit for the equity cushion included in the capital stack. Sure we do. But since the median de