Beneath the triple C: $31.6 billion of CLO credits feel downgrade pain

By Tanvi Gupta

March madness took a toll on CLOs as Moody’s and Standard & Poor’s downgraded 4.25% of the portfolios in the US and 1.84% in Europe to triple C or below in just one month (some of these were already triple C rated, only to fall further).

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TAGS: Europe High yield bonds CLO CSAM Leveraged loans Performance North America PGIM

Comment by: Tanvi Gupta. Posted 1 month ago [2020-04-09 09:38:56]

Hi Matt. Sure - can you email me on and I can send across the spreadsheet.

Comment by: Matt Stouffer. Posted 1 month ago [2020-04-08 20:10:08]

would you be able to provide the entire list including all US CLO mgrs?