Leveraged Loan Insight & Analysis – 1/28/2019

Highly levered middle market issuers could struggle if rates continue to rise


Throughout most of this credit cycle, the Libor benchmark rate has remained extremely low making it quite easy for issuers to meet interest payments. However over the past year, three-month libor has risen over 100bps to 2.75%. While the Fed has recently tempered their expectatations for future rate rises,