Post by nyneil on Mar 13, 2018 10:48:30 GMT
FC you state: 'we would give this loan a Red status, as the prospect of recovery is uncertain at this point, however we are hopeful that this rating will improve once we have a better understanding of what the guarantors can afford to repay.'
Surely as part of your DD, you should have satisfied yourselves that the guarantor could repay ALL of the loan if required to do so? Isn't that why guarantors are needed?
Yet more sloppy DD IMO!
Surely as part of your DD, you should have satisfied yourselves that the guarantor could repay ALL of the loan if required to do so? Isn't that why guarantors are needed?
Yet more sloppy DD IMO!