CLO managers boost “diversity” by adding industry categories

Wednesday, May 10, 2017

Some recent CLOs have increased the number of industries into which they classify borrowers to as many as 70, according to Fitch 

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TAGS: Europe CLO Leveraged loans North America

Comment by: Anonymous. Posted 6 years ago [2017-05-10 19:59:42]

I wouldn't blame the managers if their industry and sub-industry designations are valid. The rating agency diversity models should be able to handle correlated sub-industries.

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