We outline the extent of the problems for leveraged loan issuers, and whether the wave of LMEs and expected rate cuts will be enough.

By Daniel Miller, Chief Credit Officer Summary During periods of elevated default rates, decreases in leveraged loan prices play an...

By Daniel Miller, Chief Credit Officer. Our Forecast Forecast leveraged loan default rate of 3.8% in 2023 and 3.3% in 2024 (rates...

By Jim Healy, Chief Executive Officer, & Daniel Miller, Chief Credit Officer. Identifying the Tipping Point for Leveraged Loan Issuers...

by Daniel Miller, Chief Credit Officer. Impact of Higher Interest Rates on Leveraged Loan Issuers Key Takeaways: We assess the...

by Jim Healy, CEO Capra Ibex Advisors. The first large-scale academic study of CLO equity performance was recently published by the...

By Daniel Miller, Chief Credit Officer. The widespread adoption (85%) of cov-lite documentation in large, syndicated leveraged loans...

By Daniel Miller, Chief Credit Officer. Why credit ratings for leveraged loan issuers have an overly conservative bias Introduction: The...