September 27, 2018 / 11:51 PM / 22 days ago

Bright outlook for leveraged loan defaults - Fitch

If September ends without an institutional leveraged loan default, it will mark the first time in four years there have been no such defaults in back-to-back months, according to credit rating agency Fitch Ratings.

If so the default rate for the loans could by the end of the year fall to 2 percent, compared with a forecast 2.5 percent and last year’s 2.4 percent, Fitch Senior Director Eric Rosenthal said on Thursday.

To read the full story on Westlaw Practitioner Insights, click here: bit.ly/2DytNNa

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