S&P adds 15 deals to list of at-risk CLOs

By Paola Aurisicchio
30 Mar 2020

S&P Global Ratings placed another 15 CLOs on rating watch with a negative outlook over the weekend, flagging deals with a growing exposure to loans facing downgrades as the coronavirus crisis drags on.

The action follows a similar move last week that placed 15 CLOs with high exposure to energy sector obligors on rating watch. 

The rating agency has turned its focus to CLOs that are still in their reinvestment period and have exposure to loans made to companies in sectors such ...

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