Lowest-Rated U.S. Leveraged Loans Suffer Sharp Year-to-Date Price Drop
Split B and CCC rated corporate loans have fallen 9% in 2024, marking the weakest performance among all credit categories.
Summary
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Terms & Concepts
- Leveraged loans: Loans extended to companies with significant existing debt, often carrying higher interest rates due to increased risk.
- Split B and CCC ratings: Credit ratings given by agencies to very low-quality debt, indicating high risk of default.