Fitch: ECB will boost SME CLO volumes

By Tom Porter
04 Dec 2014

While the majority of the European ABS market is shuddering at the thought of the European Central Bank crowding out private investors with its purchase programme, Fitch expects SME CLO activity to be buoyed by the central bank’s actions.

The ECB has been buying ABS since November 21, and on Monday revealed that it had racked up €368m ($457.59m) of investments for its balance sheet, which it hopes to expand by €1tr in the next couple of years.

Securitization bankers are already railing against the crowding out ...

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