Three 2.0 CLOs placed on negative watch by S&P as defaults rise

Standard & Poor’s has placed three US CLO 2.0 tranches on negative watch in the last week, citing weakening credit quality and declining spreads in the deals’ underlying portfolios

Register Free

Sign up to this free service allowing you access to selected news and feature articles plus a weekly email news bulletin

Already a registered user? Click here to login.


A PHP Error was encountered

Severity: Notice

Message: Undefined variable: cap

Filename: views/story_view.php

Line Number: 504


File: /srv/web/cflux/code/application/views/story_view.php
Line: 504
Function: _error_handler

File: /srv/web/cflux/code/application/controllers/Closstories.php
Line: 341
Function: view

File: /srv/web/cflux/code/www/index.php
Line: 292
Function: require_once

This is an online only service and is available free of charge. Creditflux reserves the right to terminate access to the site at any time.

TAGS: Invesco BNP Paribas AM Default Bain

View details on CLO-i: Avery Point II CLO - called deal BNPP IP CLO 2014-1 Limerock CLO II - called deal

Comment by: Anonymous. Posted 3 years ago [2016-08-31 13:21:34]

Rising defaults and tightening spreads - not a fun time to be a CLO manager (or investor of any kind).