Analysts predict US CLO upgrades for 2021

By Paola Aurisicchio
22 Dec 2020

The percentage of triple-C rated loans held in US CLOs has declined in the last quarter, a trend that CLO players believe will continue into next year.

Triple-C rated concentrations have declined to 8% in December from a peak of 12% in the second quarter when more than 20% of outstanding deals failed at least one overcollateralization test, according to a Bank of America report.

Since October around $3bn of loans in the US ...

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