Technicals could be overtaking fundamentals as market driver

As the main CDS indices continued to hit new wides over the past week, speculation has intensified...

A round up of this week's structured credit news

SCA downgraded Moody's has downgraded to A3 the insurance financial strength ratings of the operat...

The latest company and people moves

New CDPC in the worksDeerfield Capital Management has spun off the CDPC it had been working on sinc...

In the second of this two-part series on FX risk in CLOs, hedging with portfolio/macro swaps and mul...

Single portfolio cross-currency swap Instead of hedging each single loan with an asset-specific sw...

A round up of this week's structured credit news

Downgrade shockS&P has placed on credit watch with negative implications or downgraded its rati...

Japanese fiscal loan deal on the horizon

Japan's Ministry of Finance is set to launch by end-February the first deal in what could be a ¥2tr...

Synthetic balance sheet deal debuts

ABN AMRO has closed an unusual US$850m synthetic balance sheet CLO dubbed Iguaçu. The deal could be...

In the first of this two-part series on FX risk in CLOs, the benefits of acceleration and cancellati...

A common practice in the European CLO market has been to partially collateralise the issued notes w...

Intrinsic value of discounted loans may be understated

Valuing CLO equity on a 'return-to-worst' basis ignores the possibility that performing loans bough...

New credit event imminent

The market is bracing itself for a credit event to be called on Quebecor World, a constituent of the...

A round up of this week's structured credit news

CDO EODs reach 60As of 14 January, S&P had received notification from CDO trustees of 60 non-mo...

Innovative project finance CLO closed

Joint-arrangers ABN AMRO and Espirito Santo Investment have closed Lusitano Project Finance 1 - Eur...

The latest company and people moves

Credit head hired Joachim Erhardt, formerly head of credit structuring for West LB in London, has...

Russian SME CLO debuts

UniCredit Aton has closed an unusual two-tiered transaction dubbed TransAlp 2 Securities - Moscow R...

A round up of this week's structured credit news

Manager replacements begin The first termination of a manager following a CDO event of default has...

A round up of this week's structured credit news

Moody's extends SIV review Moody's has extended its review period for SIVs due to the receipt of n...