"Conservative" Silvermine suffers further downgrade

ECP CLO 2014-6 is the fourth Silvermine CLO to be downgraded in the last month

TAGS: Silvermine

View details on CLO-i: ECP CLO 2014-6 - called deal

Comment by: Anonymous. Posted 4 years ago [2016-03-02 00:07:14]

No offense to Silvermine, but all managers claim they are "fundamental credit" people. What else are they going to say? No doubt the truth is that Silvermine felt they were particularly strong in understanding energy. That could well be true and in a different market they might have outperformed. I don't know anybody who foresaw the decimation of oil and natural gas.