Invertibility Threshold for Nevanlinna Quotient Algebras

Let $\mathcal {N}$ be the Nevanlinna class, and let B be a Blaschke product. It is shown that the natural invertibility criterion in the quotient algebra $\mathcal {N} / B \mathcal {N}$ , that is, $|f| \ge e^{-H} $ on the set $B^{-1}\{0\}$ for some positive harmonic function H, holds if and only if the function $- \log |B|$ has a harmonic majorant on the set $\{z\in \mathbb {D}:\rho (z,\Lambda )\geq e^{-H(z)}\}$ , at least for large enough functions H. We also study the corresponding class of positive harmonic functions H on the unit disc such that the latter condition holds. We also discuss the analogous invertibility problem in quotients of the Smirnov class.