Index Commentary - November 2022

The US leveraged loan market retained a firmer tone in November, with the Morningstar LSTA US Leveraged Loan Index gaining 1.24%. Combined with the 1.03% gain in October, the index has now recovered the entire 2.27% drop in September, shrinking the year-to-date loss to 1.04%. This analysis is written by Marina Lukatsky.


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The Kirschner Case: This is the End

The Supreme Court denied Kirschner's petition for certiorari, finally ending the case. As LSTA's Elliot Ganz explains, this cements that syndicated loans are not securities,…