Leveraged Finance
Covering every angle of today’s evolving leveraged finance and distressed debt markets - a unique perspective you only get from Fitch
Are You Getting a 360° View of Leveraged Finance?
We cover every angle of complex and evolving leverage finance and distressed debt markets. It’s a unique perspective you only get from Fitch.
US Leveraged Finance
Trends in new issuance, portfolio credit quality, and defaults and recovery for leveraged finance in the US.
European Leveraged Finance
Trends in the leveraged loan and high-yield bond markets in Europe.
Leveraged Loans and CLOs
This report explores some of the main themes discussed at our more recent Leveraged Loans and CLO conferences in the US and Asia Pacific.
Middle Markets
The makeup of the institutional investors is evolving from the traditional CLOs and primary funds to include more managed accounts and business development companies.
Go Beyond
Make better-informed credit decisions with access to an expanded suite of Leveraged Finance research produced by Fitch Ratings analysts.
02Encyclopedia
Leveraged Finance Encyclopedia Part I & Part II
Part I serves as an introduction to the market, its history, and the different types of securities available, incorporating data and opinions from the Corporates, Financial Institutions, Structured Credit, and Fund and Asset Managers rating groups. Part II serves as an introduction to the concepts of default and recovery, including the ins and outs of the bankruptcy process, Debtor-in-Possession (DIP) financing and more.
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04Chart Book
US Leveraged Loan Chart Book
We capture the trends in the leveraged loan market via charts and commentary using our proprietary information, fortified by external data, to discuss developments in the primary market, review loan quality, and highlight recovery estimates.
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Fitch Public Credit Opinion Feed
This direct feed of roughly 500 borrowers with public filings, including issuer and issue-level credit opinions and recovery estimates, includes industry classifications, LoanX ID’s, CUSIPs, and issue-level ratings and recovery ratings.
Portfolio Credit Model
A quantitative tool for collateral portfolios backing CLO transactions. Outputs include: rating default rate (RDR), rating loss rate (RLR), and the rating recovery rate (RRR) corresponding to each stress test scenario.
Public Rating Feed
This feed includes 1,000+ issues with public high-yield and investment-grade issuance and 100+ issuers with publicly rated leveraged loan ratings, and is delivered via FTP or file format that can be exported to Excel. The feed also includes industry classifications, LoanX IDs, CUSIPs, and issue-level ratings and recovery ratings.
Criteria
Criteria explain our forward-looking ratings approach. Criteria reports identify rating drivers and assumptions, and highlight the scope and limitations of our analysis.
05Webinars
US Leveraged Finance CLO Weekly Newsletter
Receive weekly updates direct to your inbox on Fitch’s latest research, including presales, commentary, and insight in the US Leveraged Finance CLO sector.
Subscribe NowCovenant Review Documentation Score
Covenant Review Documentation Score is a simple scoring tool to assess risks in documentation and measure a covenant’s strength to protect lenders.
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Greater Stability Amid Market Uncertainty with a Fitch Rating
In stable market conditions and during moments of higher market volatility, three rated bonds continuously trade tighter than two rated bonds.
06Videos
2023 Virtual Investor Series - North America Structured Credit
We cover over 1,800 leveraged finance entities.
US Leveraged Finance CLO Weekly Newsletter
Receive weekly updates direct to your inbox on Fitch’s latest research, including presales, commentary, and insight in the US Leveraged Finance CLO sector.
Certificate in Leveraged Finance Analysis - Live Online
Fitch Learning's three day live online course is designed to provide participants with the framework needed to identify appropriate candidates for leverage, build a model to demonstrate the impact of debt on the financials, and the skills to structure a leveraged finance transaction.
