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Beneath the triple C: ebbs and flows leave triple C levels at a temporary stasis
1 year ago
Following a rising tide of downgrades in May the loan market stabilised somewhat in June, with seven issuers held by CLOs downgraded to triple C and a counter-swell of five names upgraded to single B. -
Beneath the triple C: April showers send buckets overboard
3 years ago
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 -
Who’s got the moves Europe: CLO managers enjoy climb of Everest
4 years ago
The European S&P/LSTA Leveraged Loan index enjoyed a strong month in April as it rose from 83 of par on 1 April to 89.2 by the end of the month. The index closed at 89.4 on 4 May to start the week -
Investors pull $10.9 billion out of corporate IG ETFs in one week
4 years ago
Outflows from loan and high yield bond exchange traded funds have exacerbated the liquidity pressure facing credit investors, sources say, as market volatility intensifies after economists slashed global forecasts -
Managers spot opportunity as leveraged loans soften
5 years ago
An abundance of US leveraged loan issuance helped soften secondary prices even though the overall market is highly bid. Meanwhile, investors’ preference for floating rate paper hit high yield -
Credit boutiques shine bright in Morningstar’s list
6 years ago
Morningstar’s five-star rating has recently been bestowed on a number of boutique credit managers
6 results found Showing page 1 of 1
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