Comment by: Anonymous. Posted 9 years ago [2015-04-22 12:57:07]

Moody's rates CLOs based on a targeted collateral par balance. Their potential interference with the treatment of excesses above the collateral balances they are basing their rating on is yet another reason to not have Moody's on your deal.

Comment by: Anonymous. Posted 9 years ago [2015-04-22 00:34:37]

Good for Moody's - based just on this short description, I agree that providing an incentive to "sell the winners" will have negative consequence for the portfolio.