easy · Private Credit portfolio-management-monitoring-workouts
A lender notices that a borrower's EBITDA has declined for three consecutive quarters and the industry is facing a recession. Even though the borrower hasn't breached any covenants yet, the lender moves the loan to a 'Stage 2' internal classification.
What is the term for this list of high-risk loans?
- Default Portfolio
- Nonaccrual List
- Watchlist
- Clawback Queue
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