CRA was engaged by a mid-market global investment company to conduct analyses to support interest rates on ‘mezzanine’ loans (i.e., high-risk, unsecured, non-guaranteed, with no supporting covenants). The analyses included (i) determining a ‘synthetic’ credit rating on the loan recipient, (ii) identifying corresponding comparable bond yields, and (iii) conducting extensive third-party mezzanine loan interest rate research to derive industry norms for comparable mezzanine loans; including the identification of key parameters generally influencing the mezzanine interest rates
Measuring and mitigating harm from discriminatory taxes
In the article the authors examine the April 2 Executive Order signed by President Trump highlighting US trading partners’ nontariff barriers, such as...