Fitch calls for greater leveraged loan transparency

08 Aug 2012

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.

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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