Investors stick to their favourites in maturing CLO market
Balanced, buoyant, fragile, resilient? The divergence of views on show during a panel discussion on CLOs in Miami on Monday revealed a market that is enjoying record volumes, but is also facing a range of challenges such as more complex documentation, riskier loans, spikes in refinancing activity and the evergreen issue of a lack of triple-A buyers.
Reflecting the broader tone of the ABS East conference, speakers were optimistic about the performance of leveraged loans and were unsure of what might be the cause of the next crisis in credit.“Everyone seems fairly comfortable, but everyone is also looking around the corner for the next ...
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