More than 1,000 US, euro CLO tranches placed on watch

Stocks Adobe Stock 575x375
By Tom Brown
20 Apr 2020

Moody’s, S&P Global Ratings and Fitch Ratings have placed more than 1,000 US and European CLO tranches on negative watch or outlook, as new data arrived from trustees..

Out of all double-B and single-B rated broadly syndicated loan CLO tranches, an estimated 42% have now been placed on negative watch since the coronavirus outbreak.

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial