European Leveraged Loan Study 2009 (S&P)

European Leveraged Loan Study 2009: Global Economic Crisis Results In A Dramatic Shift In Default And Recovery Rates

Standard & Poor's has completed its annual "European Leveraged Loan Default And Recovery Study," bringing the data and analysis up to date through 2009. The portfolio of transactions now includes data reflecting a full down cycle (2008-2009). Compared to the previous report, which covered only the beginning of the downturn, the most recent results show a much steeper increase in European leveraged loan default rates and a continued decline in recoveries.

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