Fitch repeats warning on leveraged loan refinancing wall

04 Jan 2013

Fitch has warned once again that 2013 and 2014 will bring with them the European leveraged loan refinancing wall.

The rating agency also warned that its effects may be compounded by a ‘funding cliff’, as €260bn of non-investment grade debt begins to mature from 2014, just as LTRO funding expires and refinancing options dry up.
Although the refinancing wall has been forecast regularly since the end of ...

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