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

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).