Remember when private equity firms were described as “locusts” in Germany, and it was not unusual for such firms to be viewed as money-grubbing asset strippers? A reminder of this comes via some good old-fashioned emotional language, this time in The Economist and aimed squarely at debt rather than equity providers (login required): “A reckoning has begun for corporate debt monsters.”
Debt’s latest challenge: Unflattering headlines
Private credit firms are under the microscope as rising interest rates create turbulent times ahead for borrowers.
