Mayra Rodriguez Valladares
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Syndicated Leveraged Loan Covenant Quality Is At Record Weakness
By Mayra Rodriguez Valladares, MRV Associates
Originally published in Forbes
The quality of syndicated leveraged loan covenants deteriorated to a record low the last quarter of 2019. Leveraged loans are …
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U.S. Junk Bond Default Rate Will Be At Its Highest Level in More Than Three Years
By Mayra Rodriguez Valladares, MRV Associates
Originally published in Forbes
The default probability of high yield bonds is rising significantly. Fitch U.S. High Yield Default Insight, released today shows that …
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COVID-19 Economic Crisis Will Bring a Tidal Wave of Company Defaults in 2020 and 2021
By Mayra Rodriguez Valladares, MRV Associates
Originally published in Forbes
March saw a wave of corporate credit rating downgrades. Unfortunately, along with ratings, multiple macroeconomic and market signals show that …
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Rising Number of Zombie Companies Threaten Financial Stability
By Mayra Rodriguez Valladares, MRV Associates
Originally published in Forbes
June of last year, I wrote that Zombie companies could endanger financial stability if the global economic downturn became deeper …
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Distress in the Leveraged Loan and CLO Markets Will Significantly Hurt Lenders and Investors
By Mayra Rodriguez Valladares, MRV Associates
Originally published in Forbes
The intensifying COVID-19 crisis will expose why covenants in leveraged loans are important. In almost forty articles that I have …
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Rising Unemployment and Imminent Corporate Defaults Will Hurt Banks’ Profitability and Capital
By Mayra Rodriguez Valladares, MRV Associates
Originally published in Forbes
Today’s unemployment insurance (UI) data and the junk bond market sell-off are very negative macroeconomic and market signals that will …
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Coronavirus Crisis Shows That Banks Need to Conduct More Strenuous Stress Tests Now
By Mayra Rodriguez Valladares, MRV Associates
Originally published in Forbes
When President Trump’s own U.S. treasury secretary states that unemployment could reach 20%, unless legislators finally start implementing some type …
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Significant Supervisory and Data Gaps Exist in Leveraged Loan and CLO Markets
By Mayra Rodriguez Valladares, MRV Associates
Originally published in Forbes
Significant vulnerabilities in the global leveraged loan and collateralized loan obligations (CLOs) markets have grown since the 2008 financial crisis, …
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Keep Your Eye on Record Large Global Derivatives Markets
By Mayra Rodriguez Valladares, MRV Associates
Originally published in Forbes
If I had a dollar for every time my clients and students told me in 2008 – 2012, that derivatives …
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Corporate Defaults This Year Are Likely To Surpass The Mountain Of Great Recession Defaults
By Mayra Rodriguez Valladares, MRV Associates
Originally published in Forbes
Increasing evidence from credit markets is showing, that as I wrote in March, this recession will be worse than the …
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