FT Op-ed: GSO President Dwight Scott on Separating “Fact from Fiction” in the Leveraged Loan Market
“Recent rhetoric about this important capital source has become so far removed from the evidence that it is important to lay out the facts.” – GSO President Dwight Scott
In an op-ed for the Financial Times, Dwight Scott argues that, when it comes to the leveraged loan market, it is important to separate “fact from fiction” as some of the recent public debate on this issue has drifted towards the latter. With very low historical loss rates – even through the 2008-09 financial crisis – and strong underlying structural protections, leveraged loans represent resilient investment vehicles and a vital capital source for many businesses.
For more of Dwight’s commentary, listen to his podcast ‘The GSO Quarterly Credit Brief’