Loose CLO terms offset by strong structures — Moody's
GlobalCapital Securitization, is part of the Delinian Group, DELINIAN (GLOBALCAPITAL) LIMITED, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 15236213
Copyright © DELINIAN (GLOBALCAPITAL) LIMITED and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Loose CLO terms offset by strong structures — Moody's

Flexibility 230x150

With the credit cycle in its late stages, issuers have been looking for vehicles well suited to holding lower-rated collateral, giving rise to higher triple-C limits in some broadly syndicated loan (BSL) CLOs. However, a recent Moody’s reports highlights how those higher allowances may not materially increase risks given other deal features that protect investors.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login
Gift this article