Seven points basis opens up in CLO triple Bs - but Investcorp trades well to defy trend

By Sayed Kadiri

Triple B rated tranches once again swamped the secondary CLO market yesterday and trading levels suggest the basis between bonds on negative watch/outlook versus those not subject to a downgrade is about seven points

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TAGS: Europe CLO GoldenTree Secondary market CVC Pricing Spire KKR Credit Performance North America