The S&P UBS Leveraged Loan Indices have been launched by S&P Dow Jones Indices in partnership with UBS. These indices, previously known as the Credit Suisse Leveraged Loan Indices, aim to provide comprehensive insights into the global loan markets.

Enhancing Transparency and Accessibility

By utilizing S&P Global Market Intelligence's reference and pricing data, these indices will enhance the transparency and accessibility of leveraged loans for market participants. The S&P UBS Leveraged Loan Indices cover leveraged loans denominated in USD, EUR, and GBP, with over 2,000 indices representing a market value of approximately USD 1.6 trillion.

A Robust Framework for Investors

This collaboration between S&P DJI and UBS is expected to enrich the existing fixed income index offerings and provide a robust framework for investors in the leveraged finance landscape. The U.S. leveraged loan market has experienced significant growth over the past decade, expanding from nearly USD 400 million to USD 1.3 trillion. This growth has positioned leveraged loans as a strong competitor to the U.S. high yield bond market and has contributed to increased liquidity and market efficiency.

Leading Benchmark in the Loan Market

The S&P UBS Leveraged Loan Indices have been a leading benchmark in the loan market for over 30 years, providing liquidity and transparency. The collaboration between S&P DJI and UBS aims to enhance the depth and breadth of leveraged loan index offerings by leveraging the strengths of both institutions. The transition from the legacy Credit Suisse indices to the S&P UBS Leveraged Loan Indices will also integrate S&P DJI's iBoxx USD Leveraged Loan Indices into the new suite in 2025, streamlining the offerings for investors.

Expanding Potential Use Cases

S&P DJI and UBS are committed to expanding the potential use cases for leveraged loan indices and fostering greater engagement and participation in the leveraged loan market. The introduction of the S&P UBS Leveraged Loan Indices marks a significant moment for investors in the leveraged finance space, with the backing of two industry leaders shaping the future of loan benchmarking, performance measurement, and index-linked products.