Your institution may have access to this item. Find your institution then sign in to continue.
Title
Recent developments in Loan covenants.
Abstract
The article presents updates concerning loan covenants in the U.S. for 2007. The weakening in corporate lending standards in the leveraged loan market via reduced protection from loan covenants has been presented. The covenant, which is a condition that a borrower must comply with as part of the terms of a loan or bond, can give lenders additional credit protection.