S&P adds to CLO negative watch list as loan downgrades pick up

By Tanvi Gupta

Standard & Poor’s has added to the list of tranches in CLOs it has on negative watch as coronavirus concerns mount. This follows the rating agency last week highlighting 22 tranches across 15 US CLOs for having big exposure to downgraded corporate borrowers across impacted industry sectors

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TAGS: CLO Sculptor Columbia Telos Crescent Leveraged loans Performance North America