The loan market has enjoyed a long period of below-trend default rates. But at some point, the cycle will turn and defaults will return. The question, then, is how will today’s loan vintage perform? Below, we discuss new recovery analysis on covenant lite loans, default stats today (and tomorrow), as well as loan document quality trends thus far in 2018.
Become a Member
Membership in the LSTA offers numerous benefits and opportunities. Chief among them is the opportunity to participate in the decision making process that ultimately establishes loan market standards, develops market practices, and influences the market’s direction.