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

BondPrices_Adobe_575x375
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 ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial