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Karl Pettersen (Scope Ratings): “Opacity in Private Credit Is Similar to that of Mortgages in the 2008 Crisis′′
Summary by El Pais
1 Articles
1 Articles
It is outside the usual banking circuits, away from public scrutiny of listed assets. But its importance is key. Private credit is a hidden giant that manages 1.8 trillion dollars (1.6 trillion euros) in assets worldwide. Karl Pettersen (50 years old, Neuilly-sur-Seine, France), co-director of corporate ratings at the Scope Ratings agency, warns that “secretism allows bad behavior” and judgment that the market needs credibility. Continue reading
·Spain
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Total News Sources1
Leaning Left1Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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