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Credit ratings, financial covenants, leverage, and maturity walls. Anyone that has read my research over the past few years has seen me place significant emphasis on these kinds of topics. This has been especially true in high-yield equity coverage, notably midstream energy and malls, because the distressed nature of many of these securities means that secondary offerings are often outright off the table or straight up disastrous events when they occur. To some that read my analysis, this all seems like a big hubbub about nothing. Who cares, and does it really matter anyway?