The Annual Manual: U.S. Leveraged Finance Primer

Fitch Ratings' Annual Manual summarizes the major factors driving risk and opportunity for the various players in the leveraged finance space, including corporate bond and loan investors, CLO investors, corporate debt issuers, private equity sponsors, and regulators.

This piece emphasizes the continuous evolution of the market. New players are entering and transaction characteristics are changing as the landscape adapts to the needs of different capital providers and regulatory requirements. For context, we provide a historical perspective on structures, volume, and performance for different industries and instruments.

Report highlights include:

  • Leveraged Finance Market Statistical Comparison
  • Leveraged Loans
  • Leveraged Loan Data
  • High Yield Bonds
  • High Yield Bond Data