Debt Compliance Services (DCS) in the Wall Street Journal

Long-time Singlebrook client, Debt Compliance Services (DCS), was mentioned in the Wall Street Journal on September 7, 2011. A study done by consulting firm, DCS is referenced in, "Big Corporate Borrowers Leave Boards in the Dark", by Ronald Fink for the WSJ blog, CFO Journal. The article excerpt reads:

The more debt a company has, the less frequently its board of directors reviews compliance with its covenants, according to a survey of 192 corporate borrowers by consulting firm Debt Compliance Services.

While 45% of respondents with between $100 million and $1 billion in debt conduct quarterly reviews of covenant compliance with their boards, the percentage falls to 31% for those borrowing more than $1 billion.

Read the full article with a subscription to CFO Journal at: