"We have seen leveraged loan managers going to the middle market, either using buckets or 50-50 [distribution], to take advantage of the spread because there is definitely more paper available in the middle market, which makes it easier to get collateral.

"We have seen leveraged loan managers going to the middle market, either using buckets or 50-50 [distribution], to take advantage of the spread because there is definitely more paper available in the middle market, which makes it easier to get collateral."--Alla Zaydman, director in Fitch Ratings credit products group, on why managers are looking to the middle-market CLO business.