European junior CLO debt can withstand downturn without taking principal loss: TwentyFour

European CLO single Bs are able to weather a “moderately pessimistic forecast” in which loan defaults spike to 6.5% for two years, without coming close to taking a principal loss, according to a blog written by TwentyFour Asset Management’s Elena Rinaldi.

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TAGS: Europe CLO Secondary market TwentyFour Performance