Fitch Ratings Completes Peer Review of 12 US BDCs Click here to learn more. Fitch Ratings has completed a peer review of U.S. business development companies (BDCs). We have affirmed the Long-Term Issuer Default Ratings (IDRs) on 11 issuers and completed one Review – No Action. The Rating Outlooks for Ares Capital Corporation and Sixth…
TTM Default Volume, Count (Past performance is no guarantee of future results.) Contact: Eric Rosenthaleric.rosenthal@kbra.com
Private debt fund versus leveraged loan returns by quarter Download PitchBook’s Report here. Private credit spreads are expected to tighten further, even after new-issue spreads already declined significantly in 2024…. Subscribe to Read MoreAlready a member? Log in here...
1Q25 Syndicated ABL volume up 29% year-over-year at US$22bn US lenders syndicated just over US$22bn of asset-based loan issuance in 1Q25, marking a 29% year-over-year increase and remaining flat compared to the prior quarter…. Subscribe to Read MoreAlready a member? Log in here...
Leveraged Loan Market Dries Up Amid Economic Uncertainty Click here to access Bloomberg’s US Leveraged Finance Chartbook The reduction in US institutional leveraged loan issuance has been drastic – with just $3.1b priced through April 22nd, it amounts to the worst month of loan issuance since July 2022’s $3.5b, which followed the Federal Reserve’s historic…
Real estate debt spies comeback Despite the lack of deal volume and build-up of dry powder in the sector, there remain parts of the market where borrowing needs are not being met. Since interest rates began to rise in 2022, putting significant pressure on borrowers facing looming loan maturities and soaring debt costs, the opportunity…
Malaysia’s economy grew 5.1% last year, ahead of 2023; 2025 is tariff-dependent. Source: Department of Economics, Malaysia
“Micro, small, and medium-sized enterprises contribute almost 40% of Malaysia’s GDP and almost 50% of its national work force, yet only 17% of these companies have access to bank financing.” – Sources: KSP, ADM Capital. Last month our travels took us to Malaysia’s capital, Kuala Lumpur, a city of about 2 million. There we met…
The notion of a post-rate world is arguable, as anyone in the capital markets over the past two decades would attest. But with so many variables in today’s crosswinds, investors in private capital believe that, as a relative matter, the direction of interest rates is less significant than how tariff policies will roll out in […]
Private debt rolling one-year horizon IRR by type Download PitchBook’s Report here. Of the major substrategies, mezzanine funds led for five consecutive quarters until Q2 2024, when the strategy fell to third…. Subscribe to Read MoreAlready a member? Log in here...