Julie Ng and Hemal Shah from the Structured Finance team discuss the extent of US debtors’ exposure in European CLOs. They outline how the presence of US obligors increases geographical diversification and improves credit quality of European CLOs.
Colin Ellis and Madhavi Bokil of the Credit Strategy & Research team discuss some of the forces that are dragging down interest rates globally and the policy challenges that the persistent low rate environment pose for major central banks.
Andrea Usai and Megan Fox of the North America Banking team discuss some of the unique business characteristics and credit drivers of US community banks. The sector has more than 4,800 deposit-funded institutions, providing loans to local small businesses that may not meet the requirements set by larger banks.