Fitch projects EBITDA leverage for 2023 to be around 6.0x, down slightly from 6.3x in 2022. EBITDA leverage had risen consistently over the last few years from 2019’s 5.4x due to initial stresses from the pandemic, inflationary input costs, supply chain and labor issues, higher interest rates, and geopolitical concerns.
(Past performance is no guarantee of future results.)
Contact Brad Hamner
Latest news
US Leveraged Loans Return 3.36% to Investors YTD
September 17, 2026
The Bloomberg US Leveraged Loan Index (Ticker: LOAN) returned 0.96% in August and has gained an additional 0.28% through September…
PE dry powder
September 17, 2026
The capital that is being raised is flowing overwhelmingly to the largest, most established managers.
Middle market debt held by BDCs vs High yield vs Treasury yields
September 16, 2026
The blue line represents the current dividend yield of the VanEck BDC Income ETF (BIZD), which stood at 11.7% as…