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Beneath the triple C: CLOs take first knock since covid scrapes
2 years ago
CLO managers have been hit by a number of loan downgrades to triple C for the first time since the wave of pandemic-related cuts trickled to a halt in early 2021. Companies indirectly linked to the health sector suffered most in May -
Beneath the triple C: 13 CLO loans take a dive but defaults subside to a ripple
3 years ago
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 -
Europe leads corporate credit rally, but US outperforms in CLOs
3 years ago
iTraxx Crossover has been the CDS market's outperformer this week, tightening over 30 basis points, or 11.4%, to trade at 235bp today. But in the CLO market, US deals have come out on top thanks to a BlackRock CLO that priced its double Bs at some of the tightest levels this year -
Beneath the triple C: downgrade rate slows as $8 billion of CLO loans tumble
3 years ago
May offered some respite to CLO portfolios as corporate downgrades to triple C were reduced heavily - affecting just $6.67 billion of US CLO paper and €1.09 billion of European CLO portfolios -
Beneath the triple C: $31.6 billion of CLO credits feel downgrade pain
4 years ago
March madness took a toll on CLOs as Moody’s and Standard & Poor’s downgraded 4.25% of the portfolios in the US and 1.84% in Europe to triple C or below in just one month (some of these were already triple C rated, only to fall further). -
London-based private equity firm looks to land in credit
7 years ago
High profile firm hunts a credit head to build a sizeable business in this area -
ICG prices first euro CLO since 2014 following new hires
8 years ago
Intermediate Capital Group has priced its first European CLO in nearly two years, according to market sources -
Golub Capital prices first CLO of the year following recent hire
9 years ago
Sources say that Golub Capital Partners CLO 22(B), a $503 million CLO, priced on Friday -
Investor fears grow over rising loan leverage in CLOs
9 years ago
Rising leverage is investors' biggest concern about CLO collateral, according to voting at the Creditflux Investor Summit earlier this month -
Angelo Gordon hires ex-GE pair for new mid-market business
9 years ago
Angelo Gordon has announced that it has taken on two former GE mid market loan specialists for a new mid-market lending business which was first revealed in the latest issue of Creditflux -
RBS set to trim its US CLO business
10 years ago
RBS is expected to down-size its asset-backed division in the US over the next year or so in a move which will see cuts to its US CLO business, sources say -
$180 billion US pension fund seeks fixed income portfolio manager
10 years ago
One of the largest US state pension funds with $180 billion in assets, is seeking a senior fixed income portfolio manager. Candidates are notified: 10% of your time will go into meetings -
US manager keeps up the momentum with another new CLO
11 years ago
One of the most active CLO issuers in recent times has launched another CLO -its first this year -
Large CLO manager raises $50 million for new loan fund
11 years ago
A prolific CLO issuer is aiming to launch what is thought to be its first loan fund -
CDO manager appoints a new key man for its deals
12 years ago
A European CDO manager has succesfully appointed a new key man for its deals after a key man event was triggered in September -
Former Merrill officials join broker-dealer
14 years ago
A structured products group that is staffed by several former Merrill Lynch executives launched in July -
High profile start-up hires structured credit veteran
14 years ago
Boutique investment bank StormHarbour Securities has continued its rapid expansion by hiring Calyon's former structured credit sales head -
Structured credit broker plans big expansion
14 years ago
A recently formed structured credit venture, MARV-Southridge,is on schedule to hire 10 more people by year-end, on top of three new appointments it has made this week
18 results found Showing page 1 of 1
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