The low-interest-rate environment has also caused lenders to take extra risks in order to sustain profits. Banks and other lenders are extending credit to lower-quality borrowers, to borrowers with large quantities of existing debt, and as loans with fewer conditions on borrowers (so-called “covenant-lite loans”).
低利率环境还让贷款人为了保持利润而承担过多风险。银行和其他贷款人授信给低质量借款人、存在大量未偿还债务的借款人，或者降低价款人贷款条件（所谓的“低门槛贷款”）。