Fitch makes call for greater transparency in stale levloan market
The European leveraged loan market needs to follow its US sister’s lead on transparency if it is going to attract the non-bank capital necessary to support the market when the CLO and bank bid deteriorates by 2014, according to Fitch.
The rating agency took the opportunity of the fifth anniversary of what is considered as the start of the financial crisis to warn that the cost of debt financing for leveraged buyouts was set to rise as Europes banks and CLOs face a funding cliff in 2014.
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.