Fitch’s Privately Monitored Middle Market Portfolio Overview, 4Q23
Portfolio - Leverage
Portfolio - Breakdown by Rating
Portfolio - Breakdown by Outlook
In the charts above, Fitch presents aggregate data for MM companies, defined as in the area of $500 million of debt or $100 million of EBITDA or below, that it privately rates for asset managers.
- Fitch estimates median EBITDA leverage of 6.0x for 2023 and expects the deleveraging trend to continue in 2024 to 5.8x.