Weakness in UK retail pressures euro CLOs

New Look
By Max Adams
08 Aug 2018

Bank of America Merrill Lynch Analysts in a note this week pointed to weakening in UK retail businesses as a pressure point for European CLOs, citing recent poor performance across such sectors as clothing and restaurants.

UK retail has been buffeted by negative news around a few big names, including House of Fraser, whose bonds dropped 22.5 points last week after news broke that a planned takeover of the business had been canceled, and Debenhams, whose bonds traded at a record low of 75 ...

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