Health-care companies used to be some of the safest to lend to during economic downturns, until private equity firms bought them out and larded them with debt. Now they re some of the riskiest borrowers in the world of leveraged loans.
From Bloomberg: Health care companies used to be some of the safest to lend to during economic downturns, until private equity firms bought them out and larded them with debt. Now they're some of the riskiest borrowers in the world of leveraged loans.