Latest news
Latest news
S&P Global Ratings' Andy South gives his outlook for European ABS, and the regular trio talk about Italian ABS, frantic CLO issuance and a passing of the torch
Market anticipates another record year for new issuance, even as equity returns remain weak
Rating upgrades to CLO tranches by Moody's and Fitch could let managers increase leverage in deals
More articles
More articles
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Changing issuance patterns, tight mezzanine spreads and investor demand deliver bumper crop of deals
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Deal follows Macquarie's acquisition of Spire, which issued previous Aurium CLOs
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Pim van Schie, a portfolio manager at Neuberger, discusses rising investor appetite for CLO mezzanine tranches
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Pricing widens on deal's triple-As, but tightens across most of the capital stack as mezzanine spreads stay tight
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Deal is manager's first new issue euro CLO this year and has three triple-A rated tranches
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Manager tightens spreads across some mezzanine liabilities and includes two triple-B rated tranches
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CLOs are eschewing loans with even a whiff of credit risk, creating a gap in the market for wily investors
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Manager takes advantage of tight mezzanine liability spreads to reset CLO after its reinvestment period ended
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The first reset of a European private credit CLO, the rise of CFOs, and the plight of US ABS issuer Extenet