Leveraged companies’ credit quality is rising, says Fitch

01 Aug 2011

The average credit quality of European leveraged companies has improved since September 2010, according to Fitch’s portfolio of 291 credit opinions. This was a result of better economic conditions and companies’ cost-cutting measures, the agency said in its European Leveraged Credit H1 2011 Review on Tuesday.

Fitch’s credit opinions are point-in-time opinions on individual borrowers that the agency does not rate. They are based on private, confidential information supplied by asset managers and not on any contact with the borrowers. In its report, Fitch considered 291 credit opinions on European leveraged borrowers, with over ...

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