CLO pros under stress, but holding out for loan recoveries

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By Paola Aurisicchio
19 Mar 2020

CLO managers and investors are facing a nearly unprecedented crisis in corporate credit, but sources say that while defaults loom, they are hopeful recovery rates will deliver the market from disaster.

The severity of the fallout from the coronavirus has glued CLO managers to their monitors, as they try to fine tune portfolios to offload loans exposed to affected industries and pick up those tied to more protected sectors. CLO investors, meanwhile, are seeking protections and fleeing to quality, ...

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