Beneath the triple C: $1 billion of CLO credits take a dive

By Tanvi Gupta

$957.9 million worth of loans held by CLOs suffered downgrades to triple C last month, with a further $442.1 million of existing triple C credits getting knocked lower still, according to the latest trustee reports on CLOi.

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TAGS: CLO Carlyle Distressed debt Octagon Z Capital North America Round-up