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31 results found Showing page 2 of 2

  • Beneath the triple C: downgrade rate slows as $8 billion of CLO loans tumble
    May offered some respite to CLO portfolios as corporate downgrades to triple C were reduced heavily - affecting just $6.67 billion of US CLO paper and €1.09 billion of European CLO portfolios

    5 years ago

  • Beneath the triple C: April showers send buckets overboard
    Downgrade waves rocked the CLO market in April as Moody's and Standard & Poor's downgraded 135 corporate borrowers to triple C or below, from ratings above that level. The downgrades put CLOs in rough waters as $41.6 billion of such loans are prevalent in US CLOs while €5.64 are moored in European CLO portfolios – affecting 5.92% of the US market and 4.37% of the European market

    5 years ago

  • Credit pickers need luck to avoid OC trap
    We know what you’re thinking: is my CLO failing its OC test? The truth is, in all this volatility, it can be hard to keep track, unless your deal has high quality liquid loans

     

    5 years ago

  • Beneath the triple C: mighty CLO buckets from Akorns grow
    Rating agencies went on a downgrading spree in February, with Moody’s and Standard & Poor’s cutting 20 corporate names to triple C or below – affecting $2.78 billion of paper in US CLOs and €316.6 million in European CLOs. 

    5 years ago

  • Loan trading round-up: CLO managers fall out of love with First Data
    An analysis of loan trading among CLO managers in February shows that First Data is falling down the pecking order with managers selling $182 million of the company's loans

    6 years ago

  • Shrinking spread cushions prove hard for CLOs
     Falling loan spreads are placing ever tighter constraints on CLO managers’ choice of investments just as the loan supply itself is declining

    8 years ago

31 results found Showing page 2 of 2

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