Leveraged finance

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Explore Crisil, a company of S&P Global

Formerly known as Global Research & Risk Solutions

Leveraged finance

End-to-end credit expertise across sponsor-backed and leveraged transactions, from underwriting to portfolio monitoring and risk management

Leveraged finance teams are operating in an increasingly complex environment as sponsor activity, refinancing demands and the growth of private credit reshape the financing landscape. Complex capital structures, tighter refinancing headroom and bespoke financing terms are intensifying the need for rigorous downside analysis, covenant monitoring and proactive portfolio surveillance.

Crisil Integral IQ supports LBOs, acquisition financing, sponsor-backed transactions, and highly leveraged credits across underwriting, financial modelling, credit analysis, periodic reviews, covenant monitoring, and portfolio surveillance, helping lenders scale capacity, improve consistency, and turnaround times, strengthen credit decisions, and identify emerging risks earlier.

15+

Leveraged finance portfolios supported across global and regional banks

100%

100% LevFin portfolio growth absorbed without increasing client headcount

Our solution components

We assess sponsor, business, capital structure and transaction risks to support informed underwriting decisions.

We develop integrated LBO and credit models to assess cash flows, leverage, coverage metrics, debt paydown and repayment capacity.

We perform scenario and sensitivity analyses to evaluate credit resilience, leverage sustainability and potential areas of stress.

We conduct periodic reassessments of performance, projections, liquidity, leverage, risk ratings and transaction developments.

We provide ongoing monitoring of covenants, borrower performance and early-warning indicators to identify emerging risks, including stress-testing against interest-rate and refinancing risk.

We combine leveraged finance expertise with GenAI, automation and platform enablement to accelerate financial data extraction, credit memo preparation, periodic reviews and covenant monitoring.

The problems we solve

Research

Scaling credit reviews without adding fixed capacity

Case Studies

Flexible delivery models help lenders manage review backlogs and peak workloads while maintaining timely, consistent credit assessments and portfolio surveillance.

Standardizing fragmented leveraged finance workflows

Case Studies

We help harmonise credit assessment, review and monitoring processes across teams and regions while leveraging automation and lending platforms to improve consistency, transparency and turnaround times.

Assessing increasingly complex leveraged transactions

Overview

Combining LBO modelling with downside and sensitivity analysis helps lenders understand how borrowers perform under refinancing pressure, interest-rate shifts, and covenant headroom compression before these become portfolio problems.

Turning scattered market
data into meaningful
business insights

Mutual fund case

Transforming scattered data into
actionable insights for smarter business
strategies

Turning scattered market
data into meaningful
business insights

Mutual fund case

Transforming scattered data into
actionable insights for smarter business
strategies

Turning scattered market
data into meaningful
business insights

Mutual fund case

Transforming scattered data into
actionable insights for smarter business
strategies

Turning scattered market
data into meaningful
business insights

Mutual fund case

Transforming scattered data into
actionable insights for smarter business
strategies

Turning scattered market
data into meaningful
business insights

Mutual fund case

Transforming scattered data into
actionable insights for smarter business
strategies

Turning scattered market
data into meaningful
business insights

Mutual fund case

Transforming scattered data into
actionable insights for smarter business
strategies

Turning scattered market
data into meaningful
business insights

Mutual fund case

Transforming scattered data into
actionable insights for smarter business
strategies

Turning scattered market
data into meaningful
business insights

Mutual fund case

Transforming scattered data into
actionable insights for smarter business
strategies

Turning scattered market
data into meaningful
business insights

Mutual fund case

Transforming scattered data into
actionable insights for smarter business
strategies

Research

Turning scattered market
data into meaningful
business insights

Mutual fund case

Transforming scattered data into
actionable insights for smarter business
strategies

Turning scattered market
data into meaningful
business insights

Mutual fund case

Transforming scattered data into
actionable insights for smarter business
strategies

Turning scattered market
data into meaningful
business insights

Mutual fund case

Transforming scattered data into
actionable insights for smarter business
strategies

Turning scattered market
data into meaningful
business insights

Mutual fund case

Transforming scattered data into
actionable insights for smarter business
strategies

Turning scattered market
data into meaningful
business insights

Mutual fund case

Transforming scattered data into
actionable insights for smarter business
strategies

Turning scattered market
data into meaningful
business insights

Mutual fund case

Transforming scattered data into
actionable insights for smarter business
strategies

Turning scattered market
data into meaningful
business insights

Mutual fund case

Transforming scattered data into
actionable insights for smarter business
strategies

Turning scattered market
data into meaningful
business insights

Mutual fund case

Transforming scattered data into
actionable insights for smarter business
strategies

Turning scattered market
data into meaningful
business insights

Mutual fund case

Transforming scattered data into
actionable insights for smarter business
strategies

Latest thinking

REPORT October 08, 2026

The AI debt wish

REPORT September 09, 2026

The refinance risk radar

BLOG May 05, 2026

Revisiting leveraged-lending risk

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More on latest thinking

Recognitions

The confidence we deliver is felt across
boardrooms, markets, and industries.

#37 in Chartis RiskTech 100 | 2025

Chartis RiskTech 100 Model Validation | 2025

#49 in Chartis RiskTech 100 | 2024

Chartis RiskTech 100 Model Validation | 2024

Best Companies for women India | 2024

Read more on our recognitions

Discover why the world's most prestigious
global and regional financial institutions
chose us as their strategic partner