Lenders Perspective: Person Team and Steven Miller

lenders perspective: Financial watchdogs say the deterioration in covenants required by lenders could result in steep losses for investors during an economic downturn and potentially lead to instability in the U.S. financial system, according to Market Watch. From the lenders' perspective, it's been a constant grind downward, said Steven Miller, CEO for Covenant Review, in an interview with Market Watch. Amid this stepped-up scrutiny, research service Covenant Review has been sounding the alarm on covenants in loans issued to debt-laden companies since the 2008 recession. With a 20-person team of casually dressed lawyers, Covenant Review sifts through stacks of paper in the 10th floor of a Manhattan Midtown office, helping overwhelmed asset managers and investors see if loan covenants are watertight or watered down. Sometimes they serve as an early detection system for a company's deteriorating finances or a guardrail to prevent companies from diverting too much of their cash flow to dividend payments to shareholders. Covenants can come in all shapes and sizes. (news.financializer.com). As reported in the news.