Borrowers will make money in good years and default in bad years.

借款人在好的年头会赚钱，在不好的年头会违约。

youdao

And if borrowers are using their loans to pay off other loans that charge higher interest rates, "this is not necessarily a bad thing".quite.

而且即使借贷者是用贷款来偿还利率更高的贷款的话也未尝是件坏事。

youdao

Lenders who cannot distinguish good borrowers from bad become less willing to lend to anyone.

那些出借人由于不能分辨贷款人的好坏，变得不愿意将钱出借。

youdao

Some of the bad borrowers seem not to be getting loans at all: there was an unusually high number of investment-grade loans syndicated during the first half of the year, suggesting that standards are rising.

ECONOMIST: American banks

Lenders who cannot distinguish good borrowers from bad become less willing to lend to anyone.

ECONOMIST: A liquidity squeeze

Some pay-day lenders reportedly threaten to use the criminal justice system to prosecute delinquent borrowers for writing bad cheques, a crime that carries a jail sentence in many states.

ECONOMIST: Consumer finance: Pay dirt | The