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Even leveraged deals still being underwritten, though banks are selective
Liquidity event at American manager comes at fraught time for industry
Major sectors in leveraged loans are trading down, making shrewd credit selection vital
Deal could include $950m of bonds
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Moody's cuts rating after Portuguese telco uses debt to pay shareholder dividend -
Assets’ performance in European CLO portfolios has been healthy, rating agency says
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Two refis, two resets and one new issue squeezed through on the day before the conference
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Investors argue value is being squeezed as new and lower-tier managers price deals at tier one levels
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M&G prices at 146bp as several managers market deals at tighter spreads
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Abundant cash is keeping the market going strong through macro uncertainty and supply problems
