CLO market shrugs off 1% Libor rate
The three month Libor rate topped 1% for the first time since 2009 this month, raising concerns among CLO and leveraged loan players, though most sources say they are confident that credit fundamentals are strong enough to withstand rate related shocks.
“I think it’s an issue for 2018,” a CLO manager told GlobalCapital. “If Libor goes up to 3% then we can have a conversation, but right now I don’t think there will be too much of a material impact.”Rising Libor rates have been mitigated by tightening in ...
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