North American Leveraged Finance Outlook 2026
Fitch Ratings’ 2026 sector outlook for North American Leveraged Finance is neutral, reflecting broadly steady credit conditions across liquid markets and private debt. Most sectors carry neutral outlooks. Aerospace & Defense is the sole corporate sector with an improving outlook, while a handful are deteriorating. The largest segments of the leveraged loan and high-yield universes—Technology, Business Services, Healthcare and Energy—are neutral.
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