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Monthly defaults driven by bankruptcies for first time in two years – S&P Global
18 hours ago
Five of the eight defaults recorded in September resulted from bankruptcy filings, with three coming from the US, according to a new research report -
US Trustee seeks examiner in First Brands bankruptcy, citing USD 2.3bn of missing funds and ‘malfeasance’
20 hours ago
The US Trustee has called First Brands' internal investigation insufficient due to the scope of the allegations, while factoring provider Raistone is also seeking an examiner, citing the need for an impartial investigation -
Altice isn’t just a European CLO problem
1 year ago
The latest BofA research estimates that US CLO OC test breaches could jump to as high as 17% if all Altice entiites are downgraded -
CLO debt prices imply default rate exceeding forecasts, says Orchard Global
3 years ago
Current pricing of CLO debt tranches implies a default rate that is "far in excess" of the most pessimistic forecasts, according to Orchard Global Asset Management -
CLOs keep eyes glued to screen as Cineworld previews possible chapter 11
3 years ago
Cineworld, the UK-based cinema giant, has announced that a chapter 11 restructuring is among the options it is considering, in response to recent media speculation about a possible default -
Hidden loan tail risks and mounting single B exposure could pose problem for CLOs: Barclays
3 years ago
A solid rally for leveraged loans this week - against returning weakness in bonds - has put focus back on the market, which seemingly has little tail risk priced in. But short term support factors and a dwindling triple C bucket mask the quality skew, warn Barclays strategists in a note today - which could spell downgrades for single-B minus rated loans -
Beneath the triple C: resurfacing credits surpass divers as tide turns for CLOs
4 years ago
Upgrades above triple C overtook downgrades to that rating or below in February. Moody's or Standard & Poor's cut six corporate debt issuers to triple C or below in February, out of which just four can be found in CLO portfolios -
OC health check: second European 2.0 CLO reports junior OC breach
5 years ago
33 deals reported overcollateralisation (OC) breaches last week in a relatively quiet reporting period. 314 deals are now reporting OC breaches as of the latest report, according to CLO-i.
8 results found Showing page 1 of 1
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