A Guide to the European Loan Market Leveraged Commentary Form

Instructions and help about A Guide To The European Loan Market Leveraged Commentary

welcome to S&P capital iq's quarterly update on the leveraged finance market I'm Ruth McGavin a member of the leverage commentary and data team in London I'm going to talk about how the European loan markets performed during the third quarter and what the prospects look like for the run to the year-end certainly the third quarter has not been plain sailing as you can see from a glance at the monthly returns of the Le that is the SP European leveraged loan index market value losses in august and again in September dragged overall returns down although neither month was as bleak as June the cause here of course was widespread volatility in the global financial markets arising from a multitude of different sources Greece early on in the quarter then Chinese equities in the middle plus a real mishmash of other factors by the end including the emissions scandal around VW across asset classes many different sectors have suffered and risk-averse investors have had plenty of scares to hide fro