leveraged loans
Bank loans that are rated below investmment grade (BB+ and lower or Ba1 and lower) to comapnies with a debt-to-EBITDA ratio of three times or greater, or that trade at wide spreads over LIBOR ( e.g., more than 125 basispoints) .
Bank loans that are rated below investmment grade (BB+ and lower or Ba1 and lower) to comapnies with a debt-to-EBITDA ratio of three times or greater, or that trade at wide spreads over LIBOR ( e.g., more than 125 basispoints) .