This note examines RMDL’s potential performance in uncertain times. RMDL is a debt fund, and the key issues for continuing its track record of capital preservation and dividend streams are what it has done to reduce both the probability of default (POD) and the loss in the event of default (LED). We conclude that i) the initial credit assessment follows best practice, ii) accounts are closely managed on an ongoing basis, allowing early intervention, reducing both POD and LED, iii) secur
26 Sep 2019
Defensive qualities in uncertain times
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Defensive qualities in uncertain times
RM Infrastructure Income PLC GBP (RMII:LON) | 75.0 0 0.0% | Mkt Cap: 88.2m
- Published:
26 Sep 2019 -
Author:
Mark Thomas -
Pages:
12
This note examines RMDL’s potential performance in uncertain times. RMDL is a debt fund, and the key issues for continuing its track record of capital preservation and dividend streams are what it has done to reduce both the probability of default (POD) and the loss in the event of default (LED). We conclude that i) the initial credit assessment follows best practice, ii) accounts are closely managed on an ongoing basis, allowing early intervention, reducing both POD and LED, iii) secur