Liquidation values suggest US CLO equity is underpriced, says JP Morgan
US CLOs have, on average, 58% coverage of their equity principal assuming that deals are called and the portfolio liquidated at today's market prices
CLOs
- Middle market portfolios aren't immune to rate stress, according to new research 2 days ago
- Sona prices CLO number two 2 days ago
- Another 2016 vintage CLO gets reset as Octagon stays busy 2 days ago
- Neuberger Berman resets 2016 vintage for second time 2 days ago
- Beach Point brings in tight price for third US CLO 2 days ago