This page will focus on insights and commentary from our Partner, FitchRatings.

• Mostly Favorable Trends Continue in US CLO Portfolios – posted on October 13, 2021 *New*
• Default Rate Falls Below 1%; Market Concern Bonds Total Nears Pre-Pandemic Levels – posted on October 12, 2021 *New*
• Global Business Services Data Companies Resilient to Pandemic – posted on October 8, 2021 *New*
• EMEA Dividend Recapitalisations Raise Debtholders’ Risks – posted on October 8, 2021 *New*
• Fitch Ratings Updates Explainer of Components in the U.S. CLO Rating Process – posted on October 7, 2021 *New*
• Speculative-Grade Valuations Varied in 2020; on the Rise in 2021 – posted on October 5, 2021 *New*
• Europe’s Large Leisure Hotel Groups Better Placed for Recovery – posted on September 29, 2021 *New*
• Telecom and Technology Weathered Pandemic; Media Saw Bankruptcies – posted on July 9, 2021
• Lev. Finance Markets Resilient in 2020; Maturities Pushed Out; Defaults Contained – posted on July 9, 2021
• Upgrades, Fewer Defaults Signal New LevFin Credit Cycle – posted on June 21, 2021
• US Loan Default Rate Forecast Lowered to 1.5% for 2021 – posted on June 21, 2021
• Fitch Chart Snap: Minority of Positive Corporate Rating Actions are Actual Upgrades – posted on June 17, 2021
• Pandemic Driven Global Corporate Rating Actions Continue to Reverse – posted on June 14, 2021
• Debt Priming for Favorites Creates a “Second Class” of Excluded Lenders – posted on June 7, 2021
• No Immediate Impact on JBS’ Ratings from Cyberattack – posted on June 2, 2021
• Outlook Notching Sensitivity Removed in U.S. CLO Analyses – posted on May 11, 2021
• HY Default Rate Expected Below 3% by May End, Near 1.5% by July End – posted on May 11, 2021
• US LevLoan Chart Book Shows Active Q1; Rating Mix Weaker Than Early 2020 But Improving – posted on May 6, 2021
• EMEA Lev Fin Credits’ Settlement Risk Pushed Beyond 2021 – posted on April 15, 2021
• Creditors May Lose Security When Subsidiary Guarantees are Released – posted on April 14, 2021
• Opportunistic Deals Drive Robust Lev Loan Issuance; HY Volume Double 2020’s Record Pace – posted on April 14, 2021
• Fitch Ratings Data Enhances Credit Suisse Leveraged Loan Index Methodology – posted on April 14, 2021
• US Corp HY, LL Default Rates Outlook Improves Further – posted on April 13, 2021
• U.S. CLO Portfolio Credit Quality Looks Better in 1Q2021 – posted on April 13, 2021
• 2021 Loan Default Forecast Lowered to 4.5% – posted on January 28, 2021
• European High-Yield Issuance to Rise in 2021 on ‘BB’ Refinancings – posted on January 27, 2021
• Few Airlines Remain IG After Coronavirus-Driven Downgrades – posted January 26, 2021
• U.S. Corporate Cost Restructuring Efforts Won’t Lead to Upgrades – posted on December 23, 2020
• Russian and Ukrainian Steel Companies Remain Resilient Despite the Downturn – posted on December 22, 2020
• Investment-Grade CLOs’ Rating Outlook Stable, Assets May Weaken (Global CLO Outlook-NRAC) – posted on December 18, 2020
• Institutional Loan Defaults to Finish 2020 Slightly Lower Than Expected – posted on December 17, 2020
• US Leveraged Loan and High-Yield Defaults to Rise in 2021 Despite Stabilization – posted on December 9, 2020
• Lev. Finance to Recover from a Steep Debt Precipice in 2021 – posted on December 8, 2020
• U.S. High Yield Default Volume Drops to Pre-Pandemic Levels – posted on September 11, 2020