HL’s ‘Risky Risk Rate’ article is now available free online

The Houlihan Lokey article mentioned in last week’s BVWire—currently titled, “The ‘Risky’ Risk-Free Rate: Does the Downgrade of U.S. Sovereign Debt Change Commonly-Used Valuation Approaches?” is now posted on the HL website.

This is one of the more thoughtful responses to the impact of this credit imbroglio on valuation analyses--BVU and BVWire have both covered other helpful thoughts on the subject from Duff & Phelps and elsewhere.  It's part of a growing concern that every single part of a buildup or CAPM analysis can be easily challenged these days--if an opposing party wants to.