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Leveraged loan warning signs
Manage episode 353654925 series 2710035
In the first episode of Season 7, we take a look at the clouds gathering in the US and European leveraged loan markets. In the US market, we discuss sector-specific stress (3:00), our restructuring watch list (4:52), the near-term maturity wall (6:30), the CLO market (9:11), and secondary market gains in 2023 (10:35). We then discuss the European market (11:34), looking at the maturity wall (11:59), loan issuance (13:10), our loan market survey (14:30), and the credit quality of loans in the European Leveraged Loan Index (21:07). Our research analysts cap the episode with key indicators to track going forward (24:00).
Additional resources
- PitchBook/LCD webinar: 2022 US leveraged loan and private credit market analysis and 2023 outlook
- LCD US Leveraged Finance Survey infographic
- LCD European Leveraged Finance Survey infographic
- 2023 US Leveraged Finance Survey: Stress may be less severe, but longer-lasting
- US high-yield distressed ranks soar in 2022, highlighting evolving market stress
- Credit quality declines for European leveraged loans amid ratings shift
67 episoade
Manage episode 353654925 series 2710035
In the first episode of Season 7, we take a look at the clouds gathering in the US and European leveraged loan markets. In the US market, we discuss sector-specific stress (3:00), our restructuring watch list (4:52), the near-term maturity wall (6:30), the CLO market (9:11), and secondary market gains in 2023 (10:35). We then discuss the European market (11:34), looking at the maturity wall (11:59), loan issuance (13:10), our loan market survey (14:30), and the credit quality of loans in the European Leveraged Loan Index (21:07). Our research analysts cap the episode with key indicators to track going forward (24:00).
Additional resources
- PitchBook/LCD webinar: 2022 US leveraged loan and private credit market analysis and 2023 outlook
- LCD US Leveraged Finance Survey infographic
- LCD European Leveraged Finance Survey infographic
- 2023 US Leveraged Finance Survey: Stress may be less severe, but longer-lasting
- US high-yield distressed ranks soar in 2022, highlighting evolving market stress
- Credit quality declines for European leveraged loans amid ratings shift
67 episoade
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