Junk-rated companies are taking advantage of low rates in preparation for a prospective "Covid Winter."

When businesses get desperate and covenant violations seem imminent, disputes between lenders and borrowers (and their private equity sponsors) get heated.

Nearly 80 percent of outstanding loans lack maintenance covenants, in deals dubbed “covenant lite.”

With watchdogs muzzled by deregulation, “money is chasing looser and looser projects.”

Some debt offerings find ways to double earnings projections.

Some debt offerings find ways to double earnings projections.

ISDA may set up protocol allowing parties to update derivatives agreements based on Libor.

ISDA may set up protocol allowing parties to update derivatives agreements based on Libor.