U.S. middle market (MM) issuance was flat in 2023, according to a new Fitch Ratings report. The report, which incorporates data from Fitch’s LevFin Insights, shows that issuance was $36.5 billion in 2023, compared to $36.7 billion in 2022, and down...
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February 05, 2024, 08:02 AM
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KBRA DLD, a division of KBRA Analytics, released its latest Monthly Insights & Outlook and Default Reports on the U.S. direct lending market. Highlights from the report are below:Defaults:The year-to-date (YTD) direct lending default rate rose to...
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December 18, 2023, 07:54 AM
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Bloomberg reported that defaults in the U.S. private credit market fell in Q1 2021 as the nation’s abating pandemic triggered a surge in economic growth, and investors hunting for yield grew more willing to finance struggling companies.According to...
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May 10, 2021, 07:19 AM
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U.S. high yield default activity produced a modest $2.8 billion of volume since the end of July, the lowest level since the start of the coronavirus pandemic, according to a new Fitch Ratings report."The TTM default rate stands at 5.7%, up from 2.9%...
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September 15, 2020, 08:00 AM
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Despite U.S. healthcare defaults at a 16-year low, profits of some issuers are challenged, according to a new Fitch Ratings report."Payor consolidation and increasing scrutiny of both high cost drugs and care delivery settings are hurting healthcare...
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July 03, 2018, 08:00 AM
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As the credit cycle enters its late stage, key metrics are stronger than before the start of prior recessions, pointing towards a lower expected default rate in the near term, according to a new Fitch Ratings report."We're seeing better trends when...
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June 05, 2018, 07:10 AM
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The trailing 12-month (TTM) energy default rate is expected to finish February above 9% while the exploration and production (E&P) rate will surpass 14%, as continued declines in commodity prices are helping to push U.S. high-yield bond issuers in...
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February 22, 2016, 07:33 AM
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Energy and metals/mining defaults continued unabated midway through the fourth quarter, placing continued pressure on the U.S. high yield default rate, according to Fitch Ratings. Five energy companies either completed distressed debt exchanges...
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November 16, 2015, 07:42 AM
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