[update] Beneath the triple C: theme parks take portfolios on downward ride

By Tanvi Gupta

Seven corporate debt issuers were downgraded to triple C or below in September by Moody’s or Standard and Poor’s – hurting $2.16 billion of US CLO loans and €1.16 billion of European CLO portfolio. The pace of CLO loan downgrades to triple C has slowed steadily since the peak in April

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TAGS: Europe CLO Secondary market Distressed debt Leveraged loans Performance North America