Global Leveraged Finance: Market View
This page offers Moody’s insights into leveraged loans and high yield bonds. It highlights proprietary indicators that assess current and projected credit risk and defaults, our view on spec-grade liquidity health, covenants and refunding risk.
  • SUMMARY
  • REPORTS

  • 25 Feb 2020|Moody's Investors Service
    Moody's analysts will discuss the leveraged finance capital markets outlook, speculative grade credit conditions, the lessons learned from the 2019 energy default cycle and more... Register now.
    US - KEY RISK INDICATORS View All
    31 Jan 2020
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    COMPILATION
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    Moody's Investors Service

    SECTOR IN-DEPTH
    17 Jan 2020|Moody's Investors Service
    Score swings to a less favorable territory on deteriorating fundamentals, weaker intrinsic liquidity of the companies.

    SECTOR IN-DEPTH
    16 Jan 2020|Moody's Investors Service
    LSI ends 2019 slightly higher than where it started, but liquidity remains well supported.
    COMPILATION
    27 Jan 2020|Moody's Investors Service
    Spec-grade downgrades continue to outpace upgrades.
    EMEA - KEY RISK INDICATORS View All
    22 Jan 2020
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    COMPILATION
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    Moody's Investors Service

    COMPILATION
    22 Jan 2020|Moody's Investors Service
    Downgrades remained high in November and December.

    COMPILATION
    22 Jan 2020|Moody's Investors Service
    Our Liquidity Stress Indicator (LSI) for EMEA has been increasing since July 2018 and is likely to rise further in 2020.
    COMPILATION
    19 Sep 2019|Moody's Investors Service
    E-CQI improved to 3.75 (weak) from its lowest level in the fourth quarter of 2018.
    APAC - KEY RISK INDICATORS View All
    30 Jan 2020
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    COMPILATION
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    Moody's Investors Service

    COMPILATION
    10 Jan 2020|Moody's Investors Service
    ALSI increased slightly in December for the second consecutive month, to 31.8%.

    COMPILATION
    30 Jan 2020|Moody's Investors Service
    Issuance from the Chinese property sector continued to shape the Asian high-yield market in 2019.
    COMPILATION
    30 Jan 2020|Moody's Investors Service
    Covenant protection for Asian bonds has been weakening since 2012 but remains stronger than in North America, EMEA and LATAM in five of the six risk areas.
    LATAM - KEY RISK INDICATORSView All
    COMPILATION
    27 Jan 2020|Moody's Investors Service
    Corporate issuance activity in Latin America picked up in 2019 as political uncertainty declined and companies took advantage of lower interest rates.

    COMPILATION
    27 Jan 2020|Moody's Investors Service
    Our LatAm Liquidity Stress Indicator (LatAm LSI) stood at 6.4% in December, down from 10% a year earlier.

    KEY CONTACTS
    Christina Padgett (AMERICAS)
    Associate Managing Director – Corporate Finance
    Christina.padgett@moodys.com
    Sandra Veseli (EMEA)
    Managing Director – Corporate Finance
    Sandra.veseli@moodys.com
    Laura Acres (APAC)
    Managing Director – Corporate Finance
    Laura.acres@moodys.com