Caution (and Opportunity) Returns to Loan Market

Kellerhals, Richard
June 2010
High Yield Report;6/7/2010, Vol. 21 Issue 23, p9
The article reports that investors are more cautious due to the declining prices of loans caused by the lingering debt crisis in Europe. It notes that the Standard & Poor's/Loan Syndications and Trading Association (S&P/LSTA) Leveraged Loan 100 Index slumped from 92.72 to 89.06 over the course of May 2010. Markit notes that at the beginning of May, the average double-B-rated loan was trading at 98.27, while the average single-B-rated loan and the average triple-C-rated loan were trading at 95.03 and 85.08, respectively.


Related Articles

  • Russia's sovereign-debt rating. Investor's Business Daily // Investors Business Daily;12/24/2014, pA02 

    Russia's sovereign-debt rating was placed on negative watch by Standard & Poor's, which said there is a 50% chance the country's rating could be cut to junk status within 90 days. It would be the 1st time Russia's rating fell below investment grade in more than a decade.

  • Loan Market to Cool Down as Summer Ends. R. K. // Bank Loan Report;6/29/2009, Vol. 24 Issue 26, p1 

    The article reports on the status of the 2008 loan market and the current market development in 2009 in the U.S. It states that there was a significant increase in the market during the first half of 2008, wherein a 30% rise in the year-to-date returns was recorded on the index of Standard &...

  • Giddy CLO Market May Need to Pace Itself. Clouse, Carol J. // High Yield Report;2/20/2012, p1 

    The article reports on the bullishness of the U.S. collateralized loan obligations (CLO) market amid more deals and improved economic news. According to Standard & Poor's, there have been more than 2 billion U.S. dollars in new CLOs via six deals priced since the beginning of 2012. Primary...

  • S&P Warns of Junk Market "Complacency". M. S. // Leveraged Finance News;11/11/2013, Vol. 3 Issue 43, p1 

    The article presents information on the market condition of the high yield bond and leveraged loan. According to the rating agency, Standard and Poor's Corp. the yields are declining continuously in the market. Therefore, investors need to be careful about that. However, macroeconomic forces are...

  • S&P: Beware Extension Risk in Older European CLOs. Sibayan, Karen // Asset Securitization Report;Jun2013, Vol. 13 Issue 6, p26 

    The article offers information on financial services company, Standard and Poor's Corp. (S and P) that forecasted potential risks in European collateralized loan obligations (CLOs). It explains that investors in Europe and the U.S. are aware of this risk because completed CLOs carry conditions...

  • S&P: Beware of Extension Risk in Older Euro CLOs. Sibayan, Karen // High Yield Report;5/20/2013, p50 

    The article discusses the rating agency Standard & Poor's (S&L) May 14, 2013 report which warns against the potential risks for collateralized loan obligations (CLO) investors. The report notes that extending the term of the CLOs poses risks for investors. According to S&L, maturities of...

  • June lows at risk.  // Dow Theory Forecasts;8/1/2011, Vol. 67 Issue 31, p3 

    The article focuses on the debt-limit crisis in the U.S. which is putting the averages under pressure. It states that investors have become nervous with the increasing gold prices and the slumping of the U.S. dollars. It states that the investors are also worried about the possible loss of...

  • S&P: Weakest Links Drop as Defaults Increase. Sheahan, Matthew // High Yield Report;8/24/2009, Vol. 20 Issue 34, p4 

    The article discusses a report by Standard & Poor's, which showed that the number of weakest link companies have decreased while the number of failed angel investors increased. The report indicated that as of August 12, 2009, global weakest links fell from 285 in July 2009 to 278 and this was...

  • S&P: Potential Fallen Angels Increase. Sheahan, Matthew // High Yield Report;11/16/2009, Vol. 20 Issue 46, p26 

    This article reports on the increase in global potential fallen angels in October 2009, according to Standard & Poor's. The increase by two issuers to 72 represent 196 billion U.S. dollars in rated debt. For this year, a total of 67 issuers have been downgaded by the rating agency to speculative...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics