Latest news
Latest news
Market anticipates another record year for new issuance, even as equity returns remain weak
Rating upgrades to CLO tranches by Moody's and Fitch could let managers increase leverage in deals
Manager takes advantage of tight spreads available for refinancings to cut triple-A pricing by 14bp
More articles
More articles
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A number of new managers have emerged in the collateralized loan obligation primary market in 2012, accounting for more than 10% of deals we have rated to date this year.
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The general state of the collateralized loan obligation market and role and challenges of being a CLO manager will be the topics of discussion at today’s CLO Manager Roundtable.
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Lloyds Bank has retained its latest Sandown trade, which securitizes small-to-medium enterprise loans originated to U.K. businesses by its Lloyds TSB Commercial arm.
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Deutsche Bank’s S-CORE 2007-1 GmbH, a novel small-to-medium enterprise collateralized debt obligation linked to German schuldschein—or certificates of indebtedness—has seen a spike in defaults in its underlying portfolio, leading Standard & Poor’s to downgrade the deal’s bonds.
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ING Alternative Asset Management is planning to raise its fourth collateralized loan obligation this year, the $412.75 million ING IM CLO 2012-4.
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A weekly roundup of securitization sectors with year-to-date totals in ABS, CMBS, RMBS and CLOs in the U.S. and Europe. -
Analysts at JPMorgan added a $40 billion upside scenario to their global market forecast for collateralized loan obligation issuance in 2012.
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PineBridge Investments and CIFC Asset Management each tapped the collateralized loan obligation market last week with two deals totaling $987.5 million.
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Standard & Poor's has slashed ratings in 87 Spanish securitizations following its downgrade of the country's sovereign rating on Wednesday.
