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DBRS announces final version of new CLO methodology
Wednesday, February 8, 2012
DBRS has finalised its new methodology for rating large cap CLOs, following a request-for-comment period. According to the rating agency, the new approach – see document – is substantially the same as the draft version unveiled last month. All existing CLOs that DBRS rates will now be analysed using the new methodology, which is likely to be positive for ratings, according to the firm.
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CFlux secondary
CLO index levels:
| Index | 21 May |
|
| CFlux USD AAA | ↑ | 96.2 |
| CFlux USD AA | ↑ |
88.3 |
| CFlux USD A | ↓ | 84.1 |
| CFlux USD BBB | ↓ | 75.3 |
| CFlux USD BB | ↓ |
74.1 |
| CFlux USD EQ | ↑ | 77.5 |
