Lower loan recoveries but more repricing on the way, says Wells
Wells Fargo analyst David Preston said that weaker loan recoveries were the "number one fundamental issue" for CLO investors at the ABS East conference in Miami this week, while managers anticipate a resurgence of loan repricing activity that will put pressure on returns in the structures.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: