Fitch: No clear LIBOR transition for U.S. lenders

Fitch: No clear LIBOR transition for U.S. lenders
The London Interbank Offered Rate is set to expire at the end of this 2021, and U.S. lenders are still unclear on what short-term interest rate benchmark they will transition to. The LIBOR transition could present logistical challenges especially for legacy transactions that represent a significant portion of outstanding issuance.
Source: https://www.housingwire.com/rss