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Even leveraged deals still being underwritten, though banks are selective
Liquidity event at American manager comes at fraught time for industry
Major sectors in leveraged loans are trading down, making shrewd credit selection vital
Deal could include $950m of bonds
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The rating agency is receiving more diversified portfolio proposals and is working on credit estimates for unrated assets
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Spread tightening continues into 2024, but some optimism may be overblown, says BofA's Batchvarov
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CLO spreads need to tighten to match a recent surge in loan prices, says Partners Group's Till Schweizer
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Tighter spreads could encourage issuance but loan supply will remain a challenge until H2, market participants say
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Investors welcome efforts to harmonise ESG reporting but say the ultimate goal must be a comprehensive scoring system
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