Search Sort by Newest to OldestOldest to NewestRelevanceA-ZZ-A Capital Markets Outlook for 2022 In the early days of COVID, The Wall Street Journal published an opinion piece by Allison Schrager that has stayed with us throughout the pandemic. Schrager built her essay on the... Article Hedging Against a Rising Rate Environment After a run of historically low interest rates, we face the prospect of a changing market. Organizations that are considering issuing debt must now factor in the risk of rising interest... Article New Opportunities for Renewable Energy Projects Provisions of the recently enacted Inflation Reduction Act now allow the federal government to provide a direct payment for qualifying renewable energy projects owned by tax-exempt entities. Article Buy-Side Perspectives on Not-for-Profit Healthcare Not-for-profit healthcare investors provide their perspectives on issues including weak financial performance and the threat of breached covenants, best practices for disclosure and transparency, and the growing influence of ESG concerns on investment decisions. Article Credit and Capital Markets Outlook for 2023 In an August post on our Trending in Treasury & Capital Markets blog, we commented on how one of the movie highlights of the past year— Everything Everywhere All at Once —served as a... Article Five Key Takeaways from Rating Activity in 2022 Rating downgrades exceeded upgrades for all three rating agencies in 2022. Below are five key takeaways: Downgrades covered a wide swath of hospitals including single site hospitals and... Article How the Balance Sheet Can Contribute to Performance Improvement There has always been a connection between performance improvement initiatives and the balance sheet. By reducing operating costs, boosting productivity, and enhancing revenues, a... Article What to Expect When a Consultant Call-in Report Is Required In the event of a covenant breach, management typically must hire an independent consultant to identify areas for financial and operational improvement. Find out what a consultant call-in does and does not entail, as well as considerations for timing and implementation. Article Rating Agency Update: Covenants, Consolidation, and Capital Spending Kaufman Hall hosted its 2023 Summer Rating Agency Update on July 12, featuring Eva Bogaty, Associate Managing Director at Moody’s Investors Service, Suzie Desai, Senior Director at S&P... Article Is Now the Time to Terminate Legacy Interest Rate Hedges? A changing interest rate environment has reopened the opportunity to consider terminating an organization’s swap position. Organizations should take a measured approach in determining whether this is an opportunity they wish to pursue. Article Credit and Capital Markets Outlook for 2024 There was a general improvement in operating margins over the course of 2023, and it is possible that we have reached a point of stability. But with margins still well below pre-pandemic levels, will that level of stability provide sustainability? Article
Capital Markets Outlook for 2022 In the early days of COVID, The Wall Street Journal published an opinion piece by Allison Schrager that has stayed with us throughout the pandemic. Schrager built her essay on the... Article
Hedging Against a Rising Rate Environment After a run of historically low interest rates, we face the prospect of a changing market. Organizations that are considering issuing debt must now factor in the risk of rising interest... Article
New Opportunities for Renewable Energy Projects Provisions of the recently enacted Inflation Reduction Act now allow the federal government to provide a direct payment for qualifying renewable energy projects owned by tax-exempt entities. Article
Buy-Side Perspectives on Not-for-Profit Healthcare Not-for-profit healthcare investors provide their perspectives on issues including weak financial performance and the threat of breached covenants, best practices for disclosure and transparency, and the growing influence of ESG concerns on investment decisions. Article
Credit and Capital Markets Outlook for 2023 In an August post on our Trending in Treasury & Capital Markets blog, we commented on how one of the movie highlights of the past year— Everything Everywhere All at Once —served as a... Article
Five Key Takeaways from Rating Activity in 2022 Rating downgrades exceeded upgrades for all three rating agencies in 2022. Below are five key takeaways: Downgrades covered a wide swath of hospitals including single site hospitals and... Article
How the Balance Sheet Can Contribute to Performance Improvement There has always been a connection between performance improvement initiatives and the balance sheet. By reducing operating costs, boosting productivity, and enhancing revenues, a... Article
What to Expect When a Consultant Call-in Report Is Required In the event of a covenant breach, management typically must hire an independent consultant to identify areas for financial and operational improvement. Find out what a consultant call-in does and does not entail, as well as considerations for timing and implementation. Article
Rating Agency Update: Covenants, Consolidation, and Capital Spending Kaufman Hall hosted its 2023 Summer Rating Agency Update on July 12, featuring Eva Bogaty, Associate Managing Director at Moody’s Investors Service, Suzie Desai, Senior Director at S&P... Article
Is Now the Time to Terminate Legacy Interest Rate Hedges? A changing interest rate environment has reopened the opportunity to consider terminating an organization’s swap position. Organizations should take a measured approach in determining whether this is an opportunity they wish to pursue. Article
Credit and Capital Markets Outlook for 2024 There was a general improvement in operating margins over the course of 2023, and it is possible that we have reached a point of stability. But with margins still well below pre-pandemic levels, will that level of stability provide sustainability? Article