Usually return and risk are symmetric. There must

来源: 2019-02-18 13:59:24 [博客] [旧帖] [给我悄悄话] 本文已被阅读:

be some extra risks implied by the extra return the loan would produce. Without due diligence, I can not identify what the risks actually are but I can safely tell that credit is not supposed to be almost 1000bps above the average without significant risks of default.

Indeed, you can go over the due diligence package, identify risks and get comfortable with the pricing of the risks.