Beneath the triple C: Stormy October hits CLOs with rising tide of downgrades

By Sam Robinson & Tanvi Gupta

After a slight respite in the pace of downgrades over the summer for CLOs, October brought renewed momentum as macro-economic pressures - primarily high interest rate burdens for corporate borrowers and supply side inflation - became the recurring rationale

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TAGS: Europe CLO CIFC CSAM Bardin Hill Guggenheim Investments Carlyle Distressed debt BNP Paribas AM Ellington Leveraged loans KKR Credit Barings North America PGIM Bridgepoint