Market Views
The Impacts of Interest Coverage Ratios Contracting
Published on: November 21, 2023
Interest coverage ratios for many credits in the market have contracted over the last two years, as a result of the dramatic rise in rates. In this video, Mike Patterson, a Governing Partner at HPS, and Grishma Parekh, Co-Head of North American Core Senior Lending at HPS, explain how companies are adapting to meet their financial responsibilities.