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Credit Cliff

外汇网2021-06-19 20:53:07 72

英文名称:Credit Cliff 中文名称:信用悬崖

投资行业俚语,指受于信用评级或财务契约等事件的影响而使公司的信用恶化,并给公司的现金流动性和经营导致重大阻力。如一家公司的业绩表现欠佳或许致使其信用评级减弱,低评级使其因债务利息提升而面对更高的债务阻力,进而或许致使公司情况的更深一步恶化。

A slang term referring to the compounding of a company's credit deterioration caused by provisions such as financial covenants, or events that trigger a change in the company's credit rating. These can put pssure on the company's liquidity or its business to a material extent.

For example, if a company is performing poorly it may get a credit rating downgrade, which gives the company a higher cost of capital. This is because a lower rating increases the company's interest payments on its debt, making its situation even worse.

You can think of a highly leveraged company that is in financial trouble as teetering on the edge of a cliff. One false step and it'll be in a freefall.

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