What is LCD database?
Leveraged Commentary & Data (LCD) is the world's leading provider of leveraged loan news, analytics, and index products, also focusing on the high yield and investment grade bond markets. We are an offering of S&P Global Market Intelligence.
What is LCD debt?
What Is a Loan Credit Default Swap (LCDS)? ... A loan credit default swap's structure is the same as a regular credit default swap (CDS), except that the underlying reference obligation is limited strictly to syndicated secured loans, rather than any type of corporate debt.
What's a leveraged loan?
Leveraged loans are a type of syndicated loan for below investment grade companies (credit rating below BBB- or Baa3). ... A leveraged loan may be originated for a variety of reasons – general corporate purposes, refinance an existing loan, part of a recapitalization, finance a leveraged buyout, etc.