FitchRatings
Cushions in Collateral Quality Tests Stay Mostly Positive
Click here to download report. All Fitch-rated MM CLOs include a Fitch Test Matrix as part of a CLO’s Collateral…
Read MorePrivate Credit Default Rate Debuts at 5.0%
Click here to download report. Fitch Ratings’ Private Credit Default Rate (PCDR) launches at 5.0% for August 2024, covering nearly…
Read MoreU.S. MM CLO Spotlight – August 2024
Click here to download report. ‘CCC’ Exposure Slightly Up Exposure to assets with Fitch IDRs or credit opinions of ‘CCC+’…
Read MoreU.S. MM CLO Spotlight – August 2024
Click here to download report. Defaults and Deferring Marginally Down Fifteen CLOs had exposure to at least one defaulted or…
Read MorePIK Income Pressures BDC Cash Dividend Coverage
BDC Cash Income Dividend Coverage Pressured by Payment-in-Kind Income Click here to learn more. U.S. business development companies’ (BDCs) cash…
Read MoreFitch’s Privately Monitored Middle Market Portfolio Overview, 2Q24
Click here to download report. In the charts that follow, Fitch presents aggregate data for MM companies, defined as in…
Read MoreFitch’s Privately Monitored Middle Market Portfolio Overview, 2Q24
Click here to download report. In the charts that follow, Fitch presents aggregate data for MM companies, defined as in…
Read MoreBDCs vs. Middle Market CLOs: Part 2
Click here to learn more. There can be a meaningful difference in the seniority of the assets in a MM…
Read MoreBDCs vs. Middle Market CLOs: Part 1
Click here to learn more. While the expansion in private credit has attracted widespread media attention in recent years, direct…
Read MoreFewer PMR ‘CCC’s Reach the ‘B’ Category
Click here to learn more. Once in the ‘CCC’ category, fewer issuers in the PMR portfolio ascend to the ‘B’…
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