CLOs set to be poisoned as Peabody's canary goes belly up

By James Harvey

In this metaphor, the canary is Peabody's 2022 second lien loan.

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Comment by: Anonymous. Posted 8 years ago [2016-03-17 22:56:33]

Coal mines have canaries. What's the equivalent for a CLO? The triple-C bucket? Perhaps we should resurrect the Creditflux penguin mascot of a few years ago to be the "CLO canary." As long as the penguin is energetic, the deal's in good shape.