Source: Debtwire Par
The ratings profile of institutional loans has shifted more towards the riskier end of the market this year as the appetite for lower rated paper has remained strong for the most part. The B rating category has proved to be the most popular, accounting for 26% of loan issuance in 2018, up from 18% last year. The B loan rating category was also bolstered recently by the jumbo Refinitiv deal. At the upper end of the rating spectrum, the share of institutional loan volume rated BB- or above has fallen to 47% year to date, down from 55% in 2017.
Contact: Colm (CJ) Doherty
Latest news
Rate hike expectations ease as term SOFR curve flattens
The CME six-month Term SOFR rate reached a recent high of 3.979% on July 28 before retreating to 3.837% as…
3Q26: New loan assets rise to 44% of total lending, a 3-year high
New loan assets as a proportion of total US loan volume make up 44% of the 3Q26 pipeline to date,…
North American GPs dominant as fundraising accelerates
Our PEI Private Credit 200 ranking also shows capital raising increasing overall – and accelerating especially fast for the largest…