S&P puts 15 energy-heavy CLOs on negative watch

Paola Aurisicchio

March 23, 2020 08:00 PM

naturalgas_Adobe_575x375_7Feb2020 — Pump jack silhouette against a sunset sky with deliberate lens flare and copy space. These jacks can extract between 5 to 40 litres of crude oil and water emulsion at each stroke. | Ronnie Chua/ronniechua - stock.adobe.com

S&P Global Ratings said on Monday that it has placed 25 tranches from 15 CLOs with high exposure to energy sector obligors on ratings watch negative.

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Paola Aurisicchio