Retire the ‘brokered’ label to focus on real risk

Reconsidering the ‘brokered’ label shifts attention from superficial classifications to the underlying credit risk, a critical perspective for middle-market lenders navigating complex deal structures. By focusing on real risk rather than labels, credit professionals can better assess borrower quality and collateral strength, enhancing portfolio resilience. This approach encourages more nuanced risk evaluation, which is essential in a market where traditional categorizations may obscure true credit exposure and impact pricing and underwriting decisions.