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Moody's downgrades Portugal four notches to junk status

Wednesday, July 06, 2011

Portuguese bond yields rise after Moody's downgrade

Comment by: Anonymous. Posted 12 years ago [2011-07-07 01:24:23]

The next shoe to drop will be the downgrade of Portuguese banks to the sovereign level or below followed by the impact on structured deals in Portugal. It's an open question whether the mechanics built into structured transactions to replace downgraded counterparties and account banks will work as planned. I'm betting "no".

CLOs

Middle market portfolios aren't immune to rate stress, according to new research 1 day ago
Sona prices CLO number two 1 day ago
Another 2016 vintage CLO gets reset as Octagon stays busy 1 day ago
Neuberger Berman resets 2016 vintage for second time 1 day ago
Beach Point brings in tight price for third US CLO 1 day ago

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