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GC Asia
German Balance-Sheet SME CLOs Unaffected By Crisis
German balance sheet small-to-medium enterprise collateralized loan obligations were largely unaffected by the financial crisis, according to Fitch Ratings.
German balance sheet small-to-medium enterprise collateralized loan obligations were largely unaffected by the financial crisis, according to Fitch Ratings. Fitch found on average total cumulative defaults across all 12 of the CLOs that it rated were roughly 2.5% of the initial transaction volumes since closing.
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