Agencies issue 2023 Shared National Credit Program report

　　Federal bank regulatory agencies today reported in the 2023 Shared National Credit (SNC) report that credit quality associated with large, syndicated bank loans remains moderate. However, the agencies noted declining credit quality trends due to the pressure of higher interest rates on leveraged borrowers and compressed operating margins in some industry sectors.

　　联邦银行监管机构今天在 2023 年共享国家信贷 (snc) 报告中报告称，与大型银团银行贷款相关的信贷质量仍然中等。然而，这些机构指出，由于杠杆借款人面临利率上升的压力以及某些行业部门营业利润率的压缩，信贷质量出现下降趋势。

　　Risks in leveraged loans remain high, and risks in certain industries, including technology, telecom and media; health care and pharmaceuticals; and transportation services are also elevated. Risk in the real estate and construction sector is segmented, with deteriorating trends in some sub-sectors being offset by stability and/or improvement in other sub-sectors. Industries affected by the pandemic, including transportation services and entertainment/recreation, continue to show notable improvement.

　　杠杆贷款风险依然较高，科技、电信、传媒等部分行业风险较大；医疗保健和药品；交通服务也得到提升。房地产和建筑行业的风险是分段的，一些子行业的恶化趋势被其他子行业的稳定和/或改善所抵消。受疫情影响的行业，包括交通服务和娱乐休闲，继续呈现显着改善。

　　The 2023 review reflects the examination of SNC loans originated on or before June 30, 2023. The review focused on leveraged loans and stressed borrowers from various industry sectors.

　　2023 年审查反映了对 2023 年 6 月 30 日或之前发放的 snc 贷款的审查。审查重点关注杠杆贷款和来自各个行业部门的压力借款人。

　　The 2023 SNC portfolio included 6,589 borrowers, totaling $6.4 trillion in commitments, an increase of 8.7 percent from a year ago. The percentage of loans that deserve management's close attention (“non-pass” loans comprised of SNC commitments rated “special mention” and “classified”) increased from 7.0 percent of total commitments to 8.9 percent year over year. While U.S. banks hold 46 percent of all SNC commitments, they hold only 20 percent of non-pass loans. Nearly half of total SNC commitments are leveraged, and leveraged loans comprise 86 percent of non-pass loans.

　　2023 年 snc 投资组合包括 6,589 个借款人，承诺总额为 6.4 万亿美元，比一年前增长 8.7%。值得管理层密切关注的贷款（由评级为“特别关注”和“分类”的 snc 承诺组成的“非合格”贷款）占总承诺的比例从 7.0% 同比上升至 8.9%。虽然美国银行持有所有 snc 承诺的 46%，但它们只持有非合格贷款的 20%。 snc 承诺总额中近一半是杠杆贷款，杠杆贷款占非合格贷款的 86%。