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

• Liquidity, Refi Risk Were Key U.S. Loan Default Drivers in August posted August 30 2023 *New*
• Refinancing Challenges to Rise for Borrowers as More CLOs Exit Reinvestment posted August 22 2023 *New*
• Macro Pressures Drive Spike in U.S. Tech, Media & Telecom Bankruptcies posted August 15 2023 *New*
• U.S. HY Default Rates Grinding Higher as High Rates Challenge Refis posted August 15 2023 *New*
• Rating Changes in CLO Portfolios Ease in July posted August 9 2023 *New*
• US, EMEA LevFin Markets See Tighter Spreads, Rising Defaults in 1H23 posted August 3 2023 *New*
• Corporate Rating Trends Highlight High-Yield Vulnerabilities posted August 3 2023 *New*
• US Middle Market Issuance Remains Week in 2Q23; LMM Default Rate Continues to Rise posted August 1 2023 *New*
• U.S. European LevFin Default Rates Rise on Tougher Macro, Lending Conditions posted July 31 2023 *New*
• CLO Activity in 2Q23 Slows as Spreads Stay Highposted July 21 2023 *New*
• With LMTs on the Rise, Minority Lenders May Experience Reduced Debt Recoveries posted July 20 2023 *New*
• U.S. CLO Metrics Softer but Steady in 2Q23, SOFR Notices Roll In posted July 13 2023
• Fitch Updates Report on U.S. CLO Rating Process posted July 13 2023
• Fitch Ratings Gives Views, Frequency of Use for Various U.S. CLO Indenture Terms posted June 29 2023
• Inflationary Pressures Pushing U.S. Loan Defaults Higher posted June 29 2023
• Middle Market Issuers Tested as BDCs, CLOs Remain More Stable posted June 29 2023
• U.S. HY Bond Defaults to Rise, Despite Dip in Concern Lists posted June 14 2023
• U.S. CLOs Show Resiliency Amid Weak Exposure Rise in May posted June 8 2023
• LMTs in Focus in Gaming, Leisure, Lodging and Restaurant Bankruptcies Case Study Series posted June 5 2023
• Lifting U.S. Corporate Default Rate Forecasts in 2023 and 2024 posted May 30 2023
• Middle Market Term Loan Recoveries Moderately Below Larger Peers posted May 30 2023