KBRA DLD Default Indices
Chart
Source: KBRA DLD, by volume. The Direct Lending Index comprises $300 billion (3,000 borrowers); the LMM Index includes $20 billion (800 borrowers). Shifts to PIK and covenant violations are excluded. The non-accruals direct lending and lower middle market rates are at 2.4% and 1.7%, respectively. The KBRA DLD Leveraged Loan Index represents over $1.5 trillion in outstanding volume, and the KBRA DLD High Yield Index totals over $1.3 trillion in outstanding volume.
(Past performance is no guarantee of future results.)
Contact: Eric Rosenthal
eric.rosenthal@kbra.com