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Further clarity on Moody's CLO plans
Moody's has provided further details on its plans to potentially relax the default probability stres...
News 21 April 2010 -
Small EM synthetic CLO rated
Moody's has assigned triple-A ratings to €39m of notes issued by Terra II Senior CLO &...
News Round-up 21 April 2010 -
CLO amends interest proceeds definition
Sandelman Finance 2006-1 has entered into an amendment to the indenture that revises the definition...
News Round-up 21 April 2010 -
CLOs amended to include workout securities
A raft of CLO issuers have entered into supplemental indentures that allow them to create one or mor...
News Round-up 21 April 2010 -
CRA may relax CLO default assumptions
Moody's says it may relax the default stress assumptions on CLOs that it...
News Round-up 14 April 2010 -
SME CLO gets replenishment constraint
The amendment to Schedule 3 of the loan receivables purchase agreement between German SME CLO Northe...
News Round-up 14 April 2010 -
Lack of consistency
Managers and investors moving beyond the ratings issue
Consistency between CDO rating methodology changes appears not to have transpired, with the market l...
News Analysis 14 April 2010 -
Manager consolidation gathers momentum
M&A activity within the CLO and CDO management space continues apace. Several managers have...
News 14 April 2010 -
Positioning for the future
Marjorie Hogan, senior portfolio manager at Capstone Credit Advisors, answers SCI's questions
Q: How and when did you become involved in the credit and MBS markets? A: My first exposure to the...
The Structured Credit Interview 14 April 2010 -
Early liquidation for CLO's OAT strip protection
Class D2 and D3 noteholders in CELF Low Levered Partners CLO have voted for an early liquidation of...
News Round-up 14 April 2010 -
Buoyant and robust
US CLO market activity in the two weeks to 13 April
The secondary US CLO market has shown a marked improvement over the past few weeks, with both appeti...
Market Reports 14 April 2010 -
Increased clarity around CLO consolidations
Increased clarity regarding the estimated market price of CLO management mandates has emerged due to...
News 7 April 2010 -
Negative outlook, despite Spanish SME stabilisation
Fitch says Spanish SME delinquency rates are now showing signs of stabilisation, but maintains its n...
News Round-up 7 April 2010 -
Significant Euro CLO overlap noted
S&P notes that portfolio characteristics determine the extent to which underlying collateral...
News Round-up 7 April 2010 -
CDO acquisitions confirmed
GSO/Blackstone Debt Funds Management has completed its acquisition of the collateral management agre...
Job Swaps 7 April 2010 -
Headline risk still plagues CLO market
CLO tranches continue to look cheap for their risk compared to similarly-rated corporates, according...
News Round-up 7 April 2010