Lynn Tilton files for voluntary bankruptcy for Zohar CLOs2 months ago
The drawn-out legal battle involving Zohar CLOs has taken a new turn, with the Zohar funds on Monday filing voluntary petitions for relief under Chapter 11 of the US Bankruptcy Code
Strengthen CDS definitions to stop engineered defaults, say lawyers2 months ago
The likelihood of stamping out manipulation in the credit default swaps market – namely the practice of staging credit events – is remote, say market sources
Investors nod through wind up of 1.0 euro CLOs4 months ago
CLOs may have weathered the storm of the financial crisis far better than other structured products, but the tally of CLO defaults is quietly growing
281 CLOs set to be affected as Avaya files for bankruptcy1 year ago
The CLO market was hit by its first high-profile default of 2017 yesterday, after Avaya filed for bankruptcy.
Investors call for default review as CMBS bonds face wipeout1 year ago
Investors have called for an expert review of a credit event in a 2007 synthetic securitisation after the default left all but the triple A notes facing a total loss
US leveraged loan defaults will stay low for some time, says Fitch1 year ago
The US leveraged loan default rate is on track to end the year at 2%, according to a report from Fitch Ratings. The rating agency estimates that next year will be stable with default rates in the region of 2%
Moody's highlights low recoveries in energy credit catastrophe1 year ago
Recovery rates for lenders to oil and gas companies were “catastrophic” in 2015, according to a report published yesterday by Moody’s.
BNP Paribas AM euro CLO makes history by triggering event of default1 year ago
A 2004 vintage CLO managed by BNP Paribas Asset Management has hit an event of default, according to a notice available on CLO-i
Three 2.0 CLOs placed on negative watch by S&P as defaults rise1 year ago
Standard & Poor’s has placed three US CLO 2.0 tranches on negative watch in the last week, citing weakening credit quality and declining spreads in the deals’ underlying portfolios
Energy credits account for 49% of problem loans, reports Fitch1 year ago
Energy companies are still overrepresented in the list of near-term default risks, according to research published yesterday by Fitch Ratings.
Puerto Rico CDS settles with little open interest1 year ago
CDS auction brings settlement of 58 cents on the dollar for defaulted island
Energy-heavy CLOs set for more pain as oil defaults edge towards 18%1 year ago
Continued weakness in the oil and gas markets will likely cause two more energy-related defaults in August, according to an announcement from Fitch Ratings
CDS holders voice suspicions over bankruptcy timing as Oi talks resume1 year ago
Isda's credit determinations committee meets for third time to determine timing of Oi's default timing
Manager's legacy CLOs suffer downgrades despite strong equity returns1 year ago
Mezzanine tranches from two US CLOs have been downgraded, but the pre-crisis deals are still making strong equity distributions
CLO managers take a hit on Southcross2 years ago
CLO-i data shows that several managers have taken a hit from their exposure to Southcross Holdings
CLO investors sweep into options to clean up grimy loan portfolios2 years ago
CLO investors are heading to the options market in droves in order to keep their portfolios clean
Points up front: beware Thursdays2 years ago
Investors in UK peer-to-peer lending platform Funding Circle are learning the harsh realities of credit risk
CLO manager makes whopping $32.8 million quarterly equity distribution2 years ago
Working out is good for you: a CLO manager has made equity-like returns thanks to two defaulted loans
Southcross bankruptcy puts further pressure on CLO coverage ratios2 years ago
Some CLOs are expected to take a sizeable hit after Southcross Holdings became the latest energy-related name to file for bankruptcy yesterday
CLOs set to be poisoned as Peabody's canary goes belly up2 years ago
In this metaphor, the canary is Peabody's 2022 second lien loan.
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