Moody's takes negative action on 200 names held in CLOs
Moody’s has taken negative action on over 200 leveraged loan issuers held in CLOs since the beginning of March, according to a report from the rating agency this week.
According to Moody's, roughly 14% of CLO collateral is tied to sectors heavily impacted by the economic fallout from coronavirus, such as hospitality, gaming, leisure, retail and automotive, while another 53% of CLOs are exposed to “moderately vulnerable” sectors, such as business services, high-tech and capital equipment.CLOs ...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org