Diversify or die (TT Mar09 p28-30)

Back in the relatively trouble-free days of summer 2007, this magazine carried a piece on mid-cap corporates by Citi’s Sean Hanafin, who observed: “The financing strategies of UK mid-sized corporates are set to change dramatically over the next 18-24 months.” His message was that it would be prudent for mid-sized corporates to diversify their funding sources ahead of the credit cycle turning.