Excess Spread - Cap costs, BTL battering, bruised not broken

Making a case for the defence — how Starmer’s resignation could impact UK credits

Sterling credit traders and lenders might have expected a scramble on Monday morning after the resignation of UK Prime Minister Kier Starmer, but it was largely business as usual with credit market participants having priced in such an eventuality. Some though are already looking ahead to his likely successor and what ensuing policy changes could mean for credit sectors.

9hack: Inside 9fin's second hackathon of 2026

Starting summer on a high, 9finners from across engineering, AI, data science, product and design teams paused their usual work for two days to focus on exchanging ideas and producing practical, valuable solutions to real engineering challenges.

Market players dish on fraud, relative value on 9fin panel at ALTSNY

Bigger funds aren’t always always better when it comes to ABS investments, according to panelists at ALTSNY’s 2026 conference, as the pressure on asset managers to deploy large fundraisings may have weakened due diligence processes and enabled fraud.

Lipton Teas lenders join co-op

Lenders to Dutch tea maker Lipton Teas and Infusions have signed a co-op agreement to organise ahead of potential talks with the sponsor CVC, according to 9fin sources. Over 50% of the first lien lenders have joined the co-op and a steering committee made up of a mix of CLOs and secondary funds has formed, the sources said. Gibson Dunn is advising the co-op group.

Restructure abroad, enforce at home — The rise of US Chapter 15

In the past few years the use of Chapter 15 recognition procedures in the US has started to look less like a traditional cross-border comity tool and more like an enforcement step for US companies to conduct their restructuring elsewhere and bring the final restructured package safely back home.

LatAm Weekly — The plot thickens in Braskem’s restructuring