Leveraged Commentary & Data


Leveraged Commentary & Data (LCD) is a unit of S&P Capital IQ, a division of McGraw-Hill Financial. LCD is a provider of news, research and commentary to the global leveraged finance community.

History

LCD was founded in New York in 1996 as Portfolio Management Data LLC (PMD). The company was backed by Standard & Poor's alongside a group of investors led by Trust Company of the West.

Standard & Poor's acquired PMD in May 2000.[1] The unit was rebranded Leveraged Commentary & Data later that year.

Services

LCD was originally conceived as a data provider to banks and other players in the U.S. leveraged loan market.[2] In 2000 it added news reporting and in 2003 started covering the high yield bond market as well. In 2004, it expanded its coverage from the U.S. markets to Europe, and began to provide coverage of Asia in 2005. Coverage of the distressed market was added in 2008.

The company also provides three market value-weighted indexes to the loan market:

Clients

LCD's clients include most firms in the leveraged finance community, including securities firms, banks, asset management firms, hedge funds, private equity players, advisory firms, distressed investors and consultants.

See also

- Standard & Poor's
- Syndicated Loan
- Leveraged Buyout
- S&P Leveraged Loan Index

References

External links

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