Each quarter, William Blair's Leveraged Finance Survey asks middle-market lenders to rate overall conditions in the leveraged finance market on a scale of 1 to 5, with 5 being the most borrower-friendly conceivable. After nine consecutive quarters without a decline, the index has now dropped
over the last two quarters and has gone below 4.0 for the
first time since 2Q16.
William Blair Leveraged Lending Index
Falls to Lowest Level in Two and a Half Years
Source: William Blair Leveraged Finance Survey