Middle market lenders weigh in
on the percent of issuers that will miss P&I in June?

Chart

Now that we are in June, middle market lenders are highly focused on how issuers will react at the June 30th principal and interest payment date.  While making P&I payments at March was a very stressful experience for many, lenders got through it pretty successfully with only a few issuers missing payments or making material modifications at 1Q20.