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  • Beneath the triple C: Life could be better, but it’s just a letter, under the CCC
    Many market participants were eagerly looking forward to a break in December after a gruelling year, but the rating agencies were in no mood to oblige. 

    1 year ago
  • Beneath the triple C: 13 CLO loans take a dive but defaults subside to a ripple
    22 corporate debt issuers were downgraded to triple C or below in November and December by Moody’s or S&P, out of which 13 can be found in CLO portfolios  – hurting $4.55 billion of US CLO loans, €1.87 billion of European CLO portfolios and almost $80 million of middle market CLOs loans, according to CLO-i

    3 years ago
  • Beneath the triple C: April showers send buckets overboard
    Downgrade waves rocked the CLO market in April as Moody's and Standard & Poor's downgraded 135 corporate borrowers to triple C or below, from ratings above that level. The downgrades put CLOs in rough waters as $41.6 billion of such loans are prevalent in US CLOs while €5.64 are moored in European CLO portfolios – affecting 5.92% of the US market and 4.37% of the European market

    4 years ago
  • US loan trading: CLOs treated to DaVita as Refinitiv outflows escalate
    US CLO managers were treated to a $2.75 billion term loan B by kidney dialysis services provider DaVita, which became the most popular issuer in August. And Refinitiv US Holdings continued to be the most sold US issuer by CLOs, according to the latest trustee reports from CLO-i 

    4 years ago

4 results found Showing page 1 of 1

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