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Beneath the triple C: US CLOs take a dip in the triple C as Europe watches from the sun lounger
2 years ago
The US CLO market bore the brunt of downgrades to triple C in July and August, with a total of $6.22 billion of paper affected. European CLOs enjoyed a more relaxing summer holiday, with only 1 name representing €33.88 million worth of bonds downgraded to triple C.
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