The trailing 12-month default rate for the S&P/LSTA Leveraged Loan Index fell for a sixth straight month in March to 3.15%, according to a new report by LCD, an offering of S&P Global Market Intelligence.
- Rate has declined by just over 100bps from its Sept. 2020 peak of 4.17%
- By issuer count, the default rate of 3.56% has steadily fallen from a 10-year high of 4.64% in Sept.
- By volume there were no bankruptcies or payment misses among index issuers in March, putting the LTM amount of defaults 74% ahead of the pace a year earlier at $37.53b
- With ...
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