Leveraged loan warning signs

In the first episode of Season 7, we take a look at the clouds gathering in the US and European leveraged loan markets. In the US market, we discuss sector-specific stress (3:00), our restructuring watch list (4:52), the near-term maturity wall (6:30), the CLO market (9:11), and secondary market gains in 2023 (10:35). We then discuss the European market (11:34), looking at the maturity wall (11:59), loan issuance (13:10), our loan market survey (14:30), and the credit quality of loans in the European Leveraged Loan Index (21:07). Our research analysts cap the episode with key indicators to track going forward (24:00).Additional resourcesPitchBook/LCD webinar: 2022 US leveraged loan and private credit market analysis and 2023 outlookLCD US Leveraged Finance Survey infographicLCD European Leveraged Finance Survey infographic2023 US Leveraged Finance Survey: Stress may be less severe, but longer-lastingUS high-yield distressed ranks soar in 2022, highlighting evolving market stressCredit quality declines for European leveraged loans amid ratings shift