Moody’s readies mass CLO upgrades on methodology change

© 2025 GlobalCapital, Derivia Intelligence Limited, company number 15235970, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

Moody’s readies mass CLO upgrades on methodology change

Moody's 230x150
ARCHIV: Ein Schild weist in New York, USA, auf den Sitz der Ratingagentur Moody's hin (Foto vom 23.09.12). Die Ratingagentur Moody's hat Frankreich das Spitzenrating entzogen. Die Bewertung fuer Staatsanleihen wurde um eine Stufe von Aaa auf Aa1 gesenkt, wie Moody's am Montagabend (19.11.12) mitteilte. (zu dapd-Text) Foto: Oliver Lang/dapd | Oliver Lang/dapd

Moody’s has put 188 CLO tranches issued by 114 US CLOs on review for possible upgrade, following a change in how its CLO methodology treats leveraged loans on negative watch. But the shift will make it harder to analyse CLO quality, as weighted average ratings will be dispersed more widely and documentation differences will become more important.

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