US CLO managers' initial crash response assessed

The current unprecedented trading conditions will only lead to ever-greater CLO manager differentiat...

Sector developments and company hires

Inventory ABS prepped Fintech platform Supply@ME Capital (SYME) has entered into an agreement with...

Sector developments and company hires

Grandfathering for Dutch CLO issuers The Dutch tax authorities have provided written confirmation t...

New shape of European CLOs examined

CLO issuers are having to adapt to the current market environment and consequently new deals are mov...

Potential shift to non-investment grade drives selling

The CLO BWIC calendar has been dominated by triple-B paper so far this week, as sellers look to off-...

Sector developments and company hires

Moody’s puts CLOs under review Moody's has placed on review for downgrade its r...

A review of securitisation activity over the past seven days

Last week's stories Bilateral activity Opportunistic capital redeployment underway Coverage...

Sector developments and company hires

CMBS secured, unsecured sub debt weighed Senior US CMBS loans with unsecured subordinate debt (s...

Widespread CLO rating downgrades add further uncertainty

Extensive CLO downgrades are expected to follow the widespread pandemic-driven negative rating actio...

OC senior test failures accelerate, but options remain for some CLO managers to cure breaches

As the April reporting season gets underway in earnest, the number of US CLOs failing their OC tests...

US CLO seniors tighten, but Fed support may not be enough

The end of last week saw US triple-A CLO bonds tighten in the secondary market, partly in response t...

Sector developments and company hires

TALF 2.0 eligibility expanded The US Fed has expanded the range of assets that are eligible collate...

Coronavirus consequences for European CLOs examined

Outstanding European CLO transactions are expected to remain resilient despite downgrades and defaul...

Sector developments and company hires

EIF calls for guarantee applications The European Commission has unlocked €1bn from the Eu...

Sector developments and company hires

CLO stress scenario updated Fitch is set to apply an updated stress scenario to all CLO portfolio...

Sector developments and company hires

Negative outlook for asset performance Fitch is updating its rating assumptions for all global st...