Patriarch steps down from Zohar CLOs ahead of family office conversion
Lynn Tilton's Patriarch Partners has resigned from its role as manager on three Zohar CLOs

Verso default pushes at least one CLO towards test breach, says Nomura
The recent chapter 11 bankruptcy filing by Verso has put one CLO in danger of failing its interest diversion test, according to a recent research note from Nomura.

Repricing of risk sees 12 loan deals scrapped in Q4, says Fitch
Repricing of credit risk by institutional investors led to a significant decline in leveraged loan issuance in the fourth quarter, according to a report from Fitch Ratings this week

Fitch predicts 2.5% loan default rate as energy credits run out of steam
US leveraged loan defaults are expected to hit 2.5% in 2016, according to Fitch Ratings

Pimco and others sue Citi over MBS losses, reports Reuters
Reuters reports that Pimco is among a group of investors suing Citi over losses from mortgage-backed securities

Default highlights concentration risk in Chinese CLOs, says Fitch
The recent default of China Shanshui Cement Group (CSCG) highlights the concentration risk in Chinese CLO structures, according to an announcement from Fitch Ratings

Metals and mining loan defaults could hit 25% by year end, says Fitch
Loan defaults in the metals and mining sector could hit 25% by year-end if struggling coal miners Arch Coal and Peabody Energy are unable to stave off bankruptcy, according to research from Fitch Ratings

Defaults are less than 1% of US CLO portfolios, finds Moody’s Analytics
A new research piece by Moody's Analytics looks into the distribution of the almost $3.6 billion of defaulted collateral held by CLOs  

CLO energy exposure has increased in 2015, finds Barclays
Average energy credit exposure in CLO portfolios has increased this year, according to research published by Barclays.

Historical loan defaults provide no guide to the future, says S&P
Loans without maintenance covenants have accounted for 66% of leveraged loan issuance so far in 2014, and many are single B

CLO default rate is 10 times lower than for corporates, says Wells
CLOs have experienced dramatically lower default rates than similarly rated corporates, according to analysis by Wells Fargo

2007 US CLO hits EoD on its redemption date
When equity investors in Integral Funding, a 2007 CLO, pushed the call button on the deal they probably envisaged the procedure to be straightforward and above all, uneventful. That was not to be.

Natixis pushes Spanish property group into bankruptcy, say press reports
Creditor banks have forced a Spanish company into the country’s largest bankruptcy, according to press reports

Leveraged loan default rates will stay low, predict managers
Loan managers believe that default rates will remain subdued, according to a new survey by the Loan Syndications and Trading Assocation

Isda calls for more information on Eircom deliverables
Isda says it has not yet been able to decide whether or not there should be an credit settlement auction for Eircom

Second US airline files for bankruptcy in 2012
Regional US airline Pinnacle Airlines filed for chapter 11 bankruptcy on Sunday with debts of $1.4 billion.

Isda will rule on Sino Forest credit event after bankruptcy filing
Isda’s determinations committee will consider whether Chinese forestry producer Sino Forest has triggered a credit event this week

Sino-Forest files for bankruptcy amid fraud allegations
Chinese timber company Sino-Forest declared on Friday that it is filing for bankruptcy in Canada following allegations of fraud against the company.  

Eircom says it will miss a bond interest payment, despite holding the cash.
Irish telecoms group Eircom will miss a €5.7 million interest payment, despite holding sufficient cash.

High yield default rate edged higher in January, says Moody's
Moody's default rate edges higher in January with seven new defaults.