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Default highlights concentration risk in Chinese CLOs, says Fitch

Wednesday, November 18, 2015

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

TAGS: Default

Comment by: Anonymous. Posted 8 years ago [2015-11-18 23:45:33]

A single loan can be 16% of the portfolio and it's typical to have just 20-50 obligors. That looks more like large loan CMBS than a CLO.

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WAMCO keeps the resets rolling with rework of 2023 CLO 5 hours ago
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