Leveraged Finance >
Quality of analysis, timely research and depth of coverage from a world leading ratings authority.
Overview
Highlights
In response to the increasingly complex and volatile world of
credit risk, Fitch Ratings’ Leveraged Finance group provides
transparent ratings and timely research to help investors
make more informed investment decisions. The Leveraged
Finance group provides published and private ratings,
both on a stand-alone basis and for structured finance
transactions, for over 500 U.S., over 300 European and
approaching 50 Asia Pacific corporations and other entities
in the leveraged finance universe.
>> Diverse coverage for over 850 corporate entities around the world
Our commitment to transparency, clarity and innovation
is unparalleled, as witnessed by our Issuer Default Ratings
(IDRs) and instrument-specific Recovery Ratings (for all
entities with an IDR rating of ‘B+’ or below). In this way,
the group’s ratings offer a comprehensive risk outlook for
a rated entity and its outstanding issues. Our analytical
methodology is updated regularly to incorporate revisions to
legal, regulatory and market environments.
>> Transparent process and fully explained rationale
>> Regular, in-depth and insightful market overviews
>> Timely and incisive comment on investor-focused issues
>> Comprehensive tools for recovery ratings and peer analysis
>> Easy access and regular consultation with analysts
>> Multi-disciplinary approach ensures breadth of
perspective and depth of analysis
Coverage
>> High Yield Bonds
>> Leveraged Loans
>> Second Lien
>> Mezzanine Finance
The group works constantly to enhance its analytics, to
expand recovery analysis, to introduce analytical tools suited
to respond to the volatility inherent in this space, and to
produce special reports highlighting relevant issues such as
new structures and the evolution of covenants and credit
metrics. The group consists of professionals with both credit
and industry expertise, typically with a minimum of 10 years
of experience. The group leverages the expertise of its local
and international colleagues in the Corporate Finance and
Structured Finance sectors to better understand the needs of
investors and managers, particularly in relation to structured
credit products.
>> PIK Notes
Leveraged Finance >
Research
>> Borderline Credits – Part III: ‘B-’ Issuers on Rating Watch Negative or Rating Outlook Negative (Sept 08)
>> Corporate Liquidity: Bank Agreements and Refinancing Risk (Aug 08)
>> U.S. Leveraged Finance Quarterly Review – Second Quarter of 2008 (Aug 08)
>> Airline Credit Navigator (Summer 2008) (July 08)
>> Borderline Credits – Part II: ‘BB’ and ‘BB+’ Issuers on
Rating Watch Positive or Rating Outlook Positive (June 08)
>> Credit Quality Weakens for Loan-Financed LBOs (June 08)
>> Coal Outlook Summer Burn (Supply Response) (June 08)
>> R.H. Donnelley Corp.: Cost of Flexibility and Challenge of De-Leveraging (July 08)
>> Borderline Credits – Part I (‘BBB’ and ‘BBB-’ Issuers on Rating Watch Negative or Rating Outlook Negative)
(May 08)
>> U.S. Homebuilding/Construction: The Chalk Line – Quarterly Update: Summer 2008 (July 08)
>> Leveraged Loan Enhancements (Blue-Light Special on
Leveraged Loans) (Mar 08)
At Fitch Ratings, we believe in responsive service, including same day call back on any inquiry. We offer one-on-one
meetings and provide prompt response to inquiries on a range of sectors with experienced analysts who possess a
comprehensive understanding of credit and the market events.
For more information
For more information about Fitch Ratings’ Leveraged Finance group, visit our website at: www.fitchratings.com
About Fitch Ratings
Fitch Ratings is headquartered in New York and London
and is part of the Fitch Group. In addition to Fitch Ratings,
www.fitchratings.com
the Fitch Group also includes Fitch Solutions, a distribution
channel for Fitch Ratings products and a provider of data,
analytics and related services. The Fitch Group also includes
Algorithmics, a world leading provider of enterprise risk
management solutions.
The Fitch Group is a majority-owned subsidiary of Fimalac,
S.A., headquartered in Paris, France. For additional
information, please visit www.fitchratings.com;
www.fitchsolutions.com; www.algorithmics.com; and
www.fimalac.com.
CF20002/091208
Fitch Ratings is a global rating agency committed to
providing the world’s credit markets with independent
and prospective credit opinions, research, and data.
With 49 offices worldwide, Fitch Ratings’ global expertise,
built on a foundation of local market experience, spans
across capital markets in over 150 countries. Fitch Ratings
is widely recognized by investors, issuers, and bankers for
its credible, transparent, and timely coverage.