The Leveraged Loan Market's Tepid Recovery: What It Means for Creditors The latest numbers from the Morningstar LSTA US Leveraged Loan Index (LLI) show that payment default rates have continued to decline, dipping to 0.
87% by amount and 1. 17% by count in August. The dual track default rate has ticked up slightly to 2. 88%.
At first glance, this may seem like good news for creditors, but a closer examination of the data reveals that the market is still far from full recovery.