Analyses on Greystone (3)
- March 23, 2026March 23, 2026
- Follow-up
Greystone: Does the Lower Watchlist Really Mean a Cleaner Book
Greystone’s lower watchlist improves the broad warning picture, but it does not prove the book is cleaner because 60+ day delinquency and the real cash cost of preserving collateral both rose in 2025.
G - Follow-up
Greystone: How Protected Is the Israeli Note Layer at the Parent Company
Greystone's covenants have comfortable headroom, but the practical protection of Series A depends far less on the headline 33% ratio than on how much cash actually remains at the parent, how much of the cushion relies on the subordinated shareholder loan, and what happens to the…
G Greystone 2025: The Funding Stack Improved, but the Real Test Moved to Asset Quality and Parent Cash
Greystone improved its funding stack and extended part of its liabilities, but the 2026 test has shifted from debt access to proving that the loan book still turns relatively conservative underwriting into cleaner earnings and cash that is reachable at the parent-company layer.
G
