Q4 2019

Valuations & Opinions Group

Inside this Issue

Private equity backed portfolio company performance remains robust as market participants remain cautiously optimistic.

Click below to navigate to each page

Historical Loan Values

Strong fundamentals through 2019 drove a quarterly decrease in securities valued at less than 50%, 80%, and 95% of par; while covenant breaches remain in line with historical levels

Loan Value Relative to Par – Percent of all Securities

Loan Value Relative to Par (Q3 '19 vs Q4 '19) (1)

Leverage Compliance Tracking – 2019 Q4

Leverage Compliance Tracking – 4 Quarter Average

Note: Number of companies in leverage compliance and out of leverage compliance provided in each pie chart; quarterly average shown in the 4-quarter average

(1) Q3 2019 data is presented on the left for each respective industry