S&P Dow Jones Indices and UBS have partnered to launch the S&P UBS Leveraged Loan Indices, replacing the Credit Suisse Leveraged Loan Indices. These new indices aim to provide comprehensive insights into the global loan markets, representing leveraged loans denominated in USD, EUR, and GBP.
The suite includes over 2,000 indices with a market value of approximately USD 1.6 trillion. The collaboration between S&P DJI and UBS is expected to enhance liquidity, transparency, and accessibility in the leveraged loan market, which has seen significant growth.
The U.S. leveraged loan market has expanded from nearly USD 400 million to USD 1.3 trillion, positioning it as a strong counterpart to the high-yield bond market. The partnership between S&P DJI and UBS will drive the growth of this ecosystem, providing essential tools for loan benchmarking, performance measurement, and the development of index-linked products.
The S&P UBS Leveraged Loan Indices will deliver market-leading insights and pricing data, with plans to expand the offerings and create additional use cases in the future. The integration of S&P DJI's iBoxx USD Leveraged Loan Indices into the suite in 2025 will further enhance the data and insights available to market participants.
This collaboration represents a pivotal moment for the leveraged loan market, focusing on transparency and accessibility to shape the future of loan indexing and performance measurement.