Moody's takes negative action on 200 names held in CLOs

stocks down negative adobe stock
By Paola Aurisicchio
02 Apr 2020

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:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.