HY investors frustrated with Ebitda adjustments
Romolo Tavani/Romolo Tavani - stock.adobe.com
High yield bond investors have warned that the market is at risk of a substantial erosion in terms, with some even claiming that a cornerstone of judging a company’s financial health — earnings before interest, tax, depreciation and amortisation (Ebitda) — is in danger of becoming a meaningless number.
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