US obligors improve credit quality and add diversity to European CLOs
Feburary 4th 2020 (4.46mins)
Julie Ng, Hemal Shah
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.
Diversity of US exposures bolsters CLO credit quality
Although exposure to US obligors has declined in recent years, US companies remain a prominent portion of EMEA CLO collateral, a credit positive owing to the diversity the US market provides