Year-over-year EBITDA growth among S&P/LSTA Leveraged Loan Index issuers that file publicly slowed to 9% in the third quarter, from 12% in the second quarter, according to data from S&P Capital IQ. This latest reading is the lowest since the first quarter of 2010. Managers’ ballpark estimate for third-quarter EBITDA expansion is in the mid single digits, down from the low double digits last year.
This chart was taken from an LCD News story detailing broader EBITDA/leveraged loan issuer trends. It is available to subscribers here.
Also in that analysis:
- EBITDA growth vs GDP growth
- Leveraged loan default rate, by amount