CLO managers look to move away from ‘spiky’ triple Cs

By Hugh Minch

Thursday, September 05, 2019

CLO managers are in the process of de-risking their portfolios by rotating out of triple Cs into less risky credits following a volatile month in markets, according to multiple sources. Creditflux analysis shows that, for the past couple of years, managers have become emboldened with triple C and B3/B- loans making up 25% of the portfolios of 50 US CLO managers.

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TAGS: CLO Secondary market Leveraged loans Penn North America

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