The outlook for the European leveraged finance sector is deteriorating, according to a report by Fitch Ratings, which sees default rates continuing to rise as slowing economic growth and rising rates prove a strain on highly leveraged borrowers. Daniel Rudnicki Schlumberger, Head of EMEA Leveraged Finance at JPMorgan (JPM), acknowledges that there are downside risks, but says the leveraged debt market is recovering as issuance volumes pick up. 

(MT Newswires) 

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