Fitch calls for greater leveraged loan transparency

Fitch Ratings said today that the European leveraged loan market needed 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.

  • 09 Aug 2012

The rating agency took the opportunity of the fifth anniversary of what many see 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.

Five years ...

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2 Bank of America Merrill Lynch (BAML) 8,059 25 11.72
3 Lloyds Bank 5,761 18 8.38
4 Citi 5,606 15 8.15
5 JP Morgan 5,007 7 7.28

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