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: http://blogs.wsj.com/cfo/2011/09/07/big-corporate-borrowers-leave-boards-in-the-dark/