FitchRatings
Middle Market CLO Manager Assessment Criteria
What Investors Want to Know: Middle Market CLO Manager Assessment Considerations Download Fitchratings’ Report here. Given the increased interest and…
Read MoreMedian Leverage and Coverage
Fitch’s privately covered MM portfolio is comprised of generally smaller issuers (with average EBITDA of $55 million, average revenue of…
Read MoreFitch’s Private Middle Market Portfolio, Rating Activity
Defaults in Fitch’s PMM portfolio persisted at a low level in 4Q23 with two issuers defaulting, bringing the year’s total…
Read MoreFitch’s Private Middle Market Portfolio, Rating Activity
Upgrades/downgrades in Fitch’s PMM portfolio are generally skewed toward downgrades, as issuer ratings can be constrained on the upside based…
Read MoreFitch’s Privately Monitored Middle Market Portfolio Overview, 4Q23
In the charts above, Fitch presents aggregate data for MM companies, defined as in the area of $500 million of…
Read MoreFitch’s Privately Monitored Middle Market Portfolio Overview, 4Q23
In the charts above, Fitch presents aggregate data for MM companies, defined as in the area of $500 million of…
Read MoreU.S. Middle Market CLO Snapshot (4Q23)
Overall credit quality across U.S. middle market (MM) CLOs under Fitch Ratings’ surveillance remained stable throughout 2023 with muted defaults,…
Read MoreEuropean and US LevFin Default Rates Will Continue to Rise in 2024
Leveraged finance default rates increased in 2023 in Europe and the US and will continue to rise in 2024 due…
Read MoreFitch’s U.S. Middle Market Outlook
Download Fitchratings’s Report here. The distribution of middle market (MM) issuers’ Outlooks within Fitch’s portfolio stayed relatively flat in 2023 compared…
Read MoreFitch’s Privately Monitored Rating (PMR) Portfolio Analysis
The default data is derived from Fitch’s portfolio of PMRs in the U.S.
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