CLO market braces for another wave of loan downgrades

By Hugh Minch

A wave of negative rating actions swept the leveraged loan and CLO market in April. “Companies will look to secure incremental capital which will lead to further rating pressure,” says Philip Raciti, portfolio manager and head of US performing credit at Bardin Hill Investment Partners

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TAGS: Europe CLO Secondary market Bardin Hill Investcorp Leveraged loans Performance North America