Latest CLO news

• More unsolicited comments on the way as late cycle ABS heats up, says Fitch

  

  Fitch Ratings said on Monday that it expects to issue unsolicited ratings more frequently on deals it has not been mandated to rate, as the rating agency looks to respond to more widespread late-cycle lending behaviour in securitization markets.

  • 15 Oct 2018

• US department store Sears files for long awaited bankruptcy

  

  Sears filed for Chapter 11 bankruptcy on Monday as a $134m interest payment came due and efforts to restructure the firm’s debt out of court failed.

  • 15 Oct 2018

• Retail, media issuers in focus despite low defaults

  

  S&P Global said that consumer products, media and oil and gas were the most represented sectors on its list of ‘weakest links’ in sub-investment grade corporate debt, which remains relatively small in a low default environment.

  • 11 Oct 2018

• Record outflows in US HY as yields spike and vol bites

  

  A jump in US Treasury yields at the end of last week sparked a bout of volatility in US equity markets and dented appetite for US high yield bonds, with investors pulling record volumes of cash from funds tracking the sector on two consecutive days this week.

  • 11 Oct 2018

• US high yield retreats from post-crisis tights

  

  High yield spreads have widened by 25bp in the past week as the rise in Treasury yields dents fixed rate products, although the market remains at historically tight levels.

  • 10 Oct 2018

• WeWork bond jumps on SoftBank investment reports

  

  WeWork’s sole high yield bond rose by three points in secondary trading on Wednesday after reports that Japan’s SoftBank Group was in talks to buy a majority stake in the shared workspace provider.

  • 10 Oct 2018

• S&P warns on corporate leverage but investors eye growth

  

  S&P Global said on Tuesday that a post-crisis borrowing binge has put US corporate leverage at an all-time high, leaving firms vulnerable to downgrades and defaults. But a strong US economy and receptive capital markets are soothing investor concerns for now at least.

  • 09 Oct 2018

• CIFC taps Apollo exec for European CIO

  

  Corporate and structured credit specialist CIFC is building out of its European operation, hiring Dan Robinson from Apollo Global Management as CIO.

  • 09 Oct 2018

• Swings in US high yield flows as rates spike

  

  The early part of last week saw US high yield bond funds enjoy big inflows, with spreads grinding to post-crisis record tight levels. But a spike in Treasury yields on Friday has helped reverse some of those flows, and polarise investor sentiment on the asset class.

  • 08 Oct 2018

• White & Case adds partner for securitization push

  

  Thomas Falkus has joined White & Case as a partner in its global capital markets practice to help expand the firm’s CLO and securitization business.

  • 08 Oct 2018

CLO news archive