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The paradox of lower yield but higher risk

Why credit ratings, guarantees, other enhancements matter

It is amazing how everyone looked forward to 2020 as the “magic year” only for the yearning aspirations to be undermined by the unsuspecting outbreak of the novel coronavirus; COVID-19, which has infected over 17 million people, with almost 700,000 mortalities, globally. With unprecedented response, coordinated and fragmented, aimed at stemming the spread ahead of…

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