'Sleeping' sustainability-linked leveraged loans 'need to be stamped out'
The unwelcome resurgence of 'sleeping sustainability-linked' leveraged loans - which are signed before key sustainability provisions are finalised - needs to be "stamped out" in 2024, according to Fitch Solutions-owned Covenant Review.
'Pretty poor' 2023 for sustainability-linked leveraged loans
2023 was a "pretty poor" year for European sustainability-linked leverage loan deals as borrowers and investors avoided the instrument, according to Fitch Solutions-owned Covenant Review.
Half of European ESG leveraged loans have 'weak' target promises
Half of all European leveraged loans proposed in the second quarter of 2022 had "weak" environmental, social and governance (ESG) provisions in which they commit to set targets at a future date, according to Fitch Ratings-owned Covenant Review.