Since early 2022, distressed investors have watched their opportunity set expand to levels not seen in years. Within that set, the healthcare sector of the leveraged debt markets — represented by the Morningstar US High-Yield Bond Index and the Morningstar LSTA US Leveraged Loan Index — has offered more distressed bonds and loans to choose from than any other sector. What has caused Healthcare to overrepresent in distressed? PitchBook took a deep dive to find out.
Read the full article: Deep Dive: Healthcare Sector Tops Distressed Bond and Loan Index Leaderboards
Source: https://pitchbook.com/news/articles/deep-dive-healthcare-tops-distressed-bond-and-loan-index-leaderboards