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In previous notes, we have outlined why we believe RECI shows resilience against inflation and interest rate risks, while our latest note, New faces, same resilience, (and as outlined in RECI’s recent quarterly presentation), highlighted how the recent deals have confirmed this protection. The other key themes were the sector and geographical diversity, strong loan to value (LTV) metrics, conservative leverage and good counterparty quality. Corporate loan investors appear to be ubiquitously pricing in marketwide uncertainty, while analysts and rating agencies are highlighting resilient cashflows – a very different scenario from early 2020.
If you'd like to be introduced to the team at Real Estate Credit Investments (RECI), get in touch.Request a meeting