easy · Private Credit & Debt loan-structures-instruments
A fund manager is valuing a senior loan to a private mid-market manufacturer. There are no public prices for this loan, and the valuation relies on a discounted cash flow model using unobservable inputs like the company's specific credit spread.
Under ASC 820, how is this asset categorized?
- Level 2
- Level 3
- Level 4
- Level 1
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