No increase in levfin defaults, but looser docs in 2018, says Fitch

Fitch ratings
By David Bell
20 Dec 2017

Fitch Ratings’ 2018 leveraged finance outlook forecasted benign credit conditions for next year on Wednesday, but constricted supply and strong CLO demand is expected to lead to further erosions in documentation, analysts said.

The analysts said that they were cautious on conditions in the leveraged finance markets, given where the US economy is in the credit cycle.

But though the economy is entering the late stages of the cycle, default rates in US high yield and leveraged loans are expected to ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial