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Scott Carpenter
Bloomberg News (credit reporter)
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Discussing a UBS-proposed / Partners Group-executed structure that wraps private-credit fund stakes in Nationwide insurance to lift ratings to A2 (from BBB/B), Carpenter draws GFC parallels; he hedges that 'there's a lot less of it going on than before' but says it's 'worth paying attention to.'
“There's so much money sloshing around that says to me there's going to be a lot of deals that don't deserve that top rating of A2.”
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