Beneath the triple C: 13 CLO loans take a dive but defaults subside to a ripple

By Tanvi Gupta

22 corporate debt issuers were downgraded to triple C or below in November and December by Moody’s or S&P, out of which 13 can be found in CLO portfolios  – hurting $4.55 billion of US CLO loans, €1.87 billion of European CLO portfolios and almost $80 million of middle market CLOs loans, according to CLO-i

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