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Credit Cliff

英文名称:Credit Cliff 中文名称:信用悬崖投资行业俚语,指由于信用评级或财务契约等事件的影响而使公司的信用恶化,并给公司的现金流动性和运营带来巨大压力。如一家公司的业绩表现欠佳可能导致其信用评级降低,低评级使其因债务利息提高而面临更高的债务压力,从而可能导致公司状况的进一步恶化。
A slang term referring to the compounding of a company's credit deterioration caused by provisions such as financial covenants, or events that trigger a change in the company's credit rating. These can put pressure on the company's liquidity or its business to a material extent. 
For example, if a company is performing poorly it may get a credit rating downgrade, which gives the company a higher cost of capital. This is because a lower rating increases the company's interest payments on its debt, making its situation even worse. You can think of a highly leveraged company that is in financial trouble as teetering on the edge of a cliff. One false step and it'll be in a freefall. 

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