Skip to main content
Morningstar indexes
  • Home
  • Insights
  • Indexes
  • Capabilities
  • Resources
  • About Us

Perspective

US loan default rate ends 2022 at 0.72%; downgrades, distressed volume in focus

January 4, 2023


February 6, 2023


With no payment misses or bankruptcies among companies in the Morningstar LSTA US Leveraged Loan Index in the fourth quarter of 2022, the institutional loan default rate closed the year at 0.72% by dollar amount.

In remaining near recent lows and well below the historical average, this lagging indicator masks a rising undercurrent of troubled companies within the index, as the volume of loans priced at distressed levels and the count of negative downgrades have been rising.

Read on Pitchbook.com

Related Topics

Fixed Income

Related Articles


In a Period of Poor Performance for Sustainable Investments, Gender Equality and Renewable Energy Were Bright Spots

Sustainability

Is It Time to Pick Up the Pieces After Last Year’s Bond Market Storm?

Fixed Income

Canada Bond Bounce

Fixed Income
KEEP CONNECTED

Insights from the leading edge

We keep up with the evolving needs of investors in a way that only Morningstar can: by leveraging our heritage as a trusted provider of data and research.

Receive our news and insights

Be among the first to receive the latest Morningstar Indexes analysis and perspectives.

 
 
  • Company Site
  • Privacy Policy
  • Global Contacts
©2023 Morningstar, Inc. All rights reserved.