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

• Leveraged Finance Encyclopedia Part I posted on November 2 2022 *New*
• Acquisitions & Investments Led Bankruptcy Drivers for Health Care & Pharma, and FBC posted on November 2 2022 *New*
• Asset Level Valuations Drive Recovery Analysis for U.S. Gaming Companies posted on November 2 2022 *New*
• Benign Energy Default Rate Expected Through 2023 posted on September 13 2022 *New*
• Recessionary Concerns Drag Down 3Q22 Institutional Loan, High Yield Issuance posted on October 31 2022 *New*
• Market Concern Loan Total Soars with Highest Monthly Increase Since 2020 posted on October 26 2022 *New*
• 2023 U.S. High Yield Default Forecast at 2.5%-3.5%; 2024 Projected at 3.0%-4.0% posted on October 18 2022 *New*
• Recent US CLOs Post Stable Metrics Amid Credit Weakening posted on October 13 2022 *New*
• Weaker Macro Boosts US LL, HY 2023-2024 Default Forecasts posted on September 29 2022 *New *
• Airline Fundamentals Improving but Risk to Recovery is Rising posted on August 12 2022
• CLO Managers Increase Asset Diversification into Bonds posted on August 9 2022
• Low US and European Default Rates Rising as Market Concern Lists Grow posted on July 21 2022
• Recessionary Fears Challenge Middle Market Loans posted on July 11 2022
• Globalization of Asset Managers Continue posted on July 7 2022
• Pandemic Drove Media Bankruptcies; Tech and Telecom Performed Better posted on July 6 2022
• Issuers Have Ability to Divert Asset Sale Proceeds From Lenders posted on June 27 2022
• 2022 US LevFin Outlook Remains Neutral Despite Macroeconomic Risks posted on June 21 2022
• Gaming, Leisure, Lodging and Restaurant Bankruptcies See Above-Average Multiples posted on May 13 2022
• Record LevFin Issuance in 2021; Corporates Resilient Despite Macro Concerns posted on May 12 2022
• U.S. HY YTD Default Rate Remains Low Despite May Pickup posted on May 11 2022
• US CLO Performance Stable Amid Signals of Asset Quality Weakening posted on May 11 2022
• US Homebuilders Poised for Modest Downturn, Stagflation Adds Risk posted on May 10 2022
• Stagflation Would Raise Liquidity, Refi Risk for Some US Industrials posted on May 5 2022
• First-Lien BSL and MM Recovery Prospects Remain Solid posted on May 5 2022