Beneath the triple C: Winter is coming for CLOs as downgrades outstrip upgrades

By Sam Robinson & Tanvi Gupta

Both US and European issuers have felt downward pressure from the rating agencies as we head towards the end of the year, with downgrades to triple C now firmly outpacing upgrades out of it.

Subscriber-only article

This article is available only to Creditflux subscribers and free trial users within 30 days of publication.

Already a subscriber? Not logged in? Click here to login.

If you have not already done so,
you may request a FREE TRIAL by clicking here

This trial will give you:
  • 4-weeks' free online access to our
    most recent subscriber-only articles
  • Daily breaking news alert sent by email
  • A print copy of Creditflux

If you currently have a free trial, you will see this message when you try to view articles older than 30 days.

TAGS: Europe CLO CIFC CSAM Anchorage Carlyle Ares CQS Fortress Investcorp Black Diamond Centerbridge Blackstone North America