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.

  • 10 Aug 2012

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 Europe’s banks and CLOs face a funding cliff in 2014.

On August ...

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