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Leveraged Loans: EFH (TXU) Filing Spotlights Lower – Yes, Lower – Default Rate … – Forbes

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Forbes

Leveraged Loans: EFH (TXU) Filing Spotlights Lower - Yes, Lower - Default Rate ...
Forbes
Indeed, EFH's $19.5 billion loan default pushed the 2008-to-date default experience of covenant-heavy S&P/LSTA Index loans to 19.0%, from 16.6%. By comparison, the corresponding figure for covenant-lite loans is 10.3%. Drilling down to loans that S&P ...

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