Index Commentary - September 2022

The US leveraged loan market closed out the third quarter on a sour note, amid a darkening outlook for the economy and increased volatility across the capital markets in late September. The Morningstar LSTA US Leveraged Loan Index lost 2.27% last month, and is now down 3.25% for the year, ranking 2022 at present as the worst year since the Global Financial Crisis.

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