Capra IbexJan 1, 20237 min read2023-2024 Leveraged Loan Default ForecastBy Daniel Miller, Chief Credit Officer. Our Forecast Forecast leveraged loan default rate of 3.8% in 2023 and 3.3% in 2024 (rates...
Capra IbexMar 13, 20221 min readCapra Ibex’s Kurinets sees challenges and bright spots for CLO equityby John Hintze, Asset Securitization Report The list of factors likely to impact the collateralized loan obligation (CLO) market just...
Capra IbexFeb 7, 20225 min readKey Takeaways from the National Bureau of Economic Research’s Working Paper on “CLO Performance"by Jim Healy, CEO Capra Ibex Advisors. The first large-scale academic study of CLO equity performance was recently published by the...
Capra IbexDec 1, 20219 min readCovenant Lite: The Time Bomb that Wasn’tBy Daniel Miller, Chief Credit Officer. The widespread adoption (85%) of cov-lite documentation in large, syndicated leveraged loans...