Read the full article >
In a persistently low-interest rate environment, investors have been scrambling for high-yield opportunities across a variety of asset classes. The last several years have seen an explosion in the issuance of high-yield debt, collateralised loan obligations, and securities backed by consumer automobile loans. This surge, however, has been met by cautionary messages regarding the combination of loosened underwriting standards and increasingly greater investor demand to 'reach for yield'.
The articles on our Website include some of the publications and papers authored by our attorneys, both before and after they joined our firm. The content of these articles should not be taken as legal advice.