CLOs grow from strength to strength
The first quarter of 2024 saw such extraordinary issuance across the global CLO market that it was enough to outpace the equally extraordinary amortisation occurring in older deals

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

 

Rebooting the CLO market
Switching off and on again proved a popular tactic for CLO managers last year as refis and resets helped push issuance to $132 billion

Tanker credits sunk by oversupply
The worst should be over for tanker companies but exuberant ordering of new vessels prior to 2009 and high leverage mean that most are still struggling

Credit spotlight - Mixed outlook for insurers
Exposure to mortgage-backed assets and European sovereigns has made insurance companies a barometer for the global economy

Spotlight on exploration & production - Dealing with Deepwater
Small oil and gas companies with large operations in the Gulf of Mexico face an uncertain future as investors watch the cost of BP’s clean up operation mount

2006 CDO league tables - synthetic CDO volumes explode
Synthetic CDO issuance doubled last year according to Creditflux Data+. The total notional of tranches traded was $450 billion – up from $224 billion in 2005. That rapid growth puts synthetic CDO volumes clearly ahead of the $414 billion of cash CDO issuance last year

League table report
League table report