4th September 2019

An even keel through choppy waters


The European macro outlook continues to be supportive for private debt. Moderate growth forecasts for the EU of 1.1% for 2019 and low interest rates provide a benign credit environment. Accommodative monetary policy across major economies has buoyed stock markets, despite concerns over global political tensions. Within leveraged lending, private debt continues to provide compelling relative value versus the broadly syndicated market.

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