Think

Fitch: U.S. Leveraged Loan Default Rate Bottoms as Market Awaits Expected Defaults

Posted by Fitch Ratings on Aug 18, 2017 11:32:30 AM

The TTM U.S. institutional leveraged loan default rate is at 1.7%, down from 1.9% at end-July, marking what Fitch Ratings believes is a trough in the default rate. Fitch expects the default rate will end the year around 2.5%.

"Loan defaults are at a temporary stand-still right now, but a handful of bankruptcies/restructurings are expected shortly," said Eric Rosenthal, Senior Director of Leveraged Finance. "The energy and retail sectors still have a big presence, contributing nearly 60% to the trailing 12-month default volume." The sector default rates for energy and retail stood at 17.4% and 5.4%, respectively, at the end of July.

[Continue Reading]

Fitch_Ratings_Logo.jpg

 

 

 

 

Topics: Loans


From the leader in fixed income pricing and data comes market analytics and information you need now.

AdvantageData is your fixed income solution for pricing, analytics, reports, and insight on approximately:

  • 529,400+ U.S. and international corporate bonds
  • Over 6,200+ CDS reference entities
  • Over 22,000+ syndicated loans
  • Over 100 equity markets worldwide
  • One platform 14 asset classes from debt to CDS to loans to mid-market
  • Used by top buy and sell-side firms worldwide

Why aren't you using AdvantageData?