Middle Market & Private Credit – 10/14/2024

Net Asset Downgrades Ease in September for US BSL CLOs

Chart

Download Report

Click here to download report.

Fitch Ratings-rated U.S. CLOs backed by broadly syndicated loans (BSL) experienced just two net downgrades in the underlying assets – the fewest in the latest trailing twelve-month (TTM) period. The TTM period averaged about 12 net downgrades per month, but the last two months saw less than half that average.