CLOs & Structured Credit

Highlights

• 15 Dec 2020
  • CLOs – US: 2021 Outlook – With collateral still weakened, CLOs will incorporate flexibility for managing assets under stress
    As the pandemic continues to batter collateral quality, CLOs in 2021 will include structural features for maintaining loan workout and trading flexibility to help manage assets under stress. Speculative-grade defaults will in both the US and Europe are creeping up, putting a focus on managers' options to minimize losses on defaulted or stressed assets and maneuver around OC test thresholds.   Full Report​​​
• 24 Jul 2020
  • Structured finance underwriting will remain tighter globally as pandemic's effects continue to weaken collateral performance
    The weak global economy will lead to tighter-than-expected underwriting in the second half, and continue to weaken the performance of transactions around the globe, though in uneven ways across sectors and countries. Full Report ​
• 15 Jul 2020
  • Structured Finance (Global): Coronavirus pandemic will accelerate and reshape credit trends in structured finance
    COVID-19 will alter the risk profile of many asset classes in the global structured finance market. We assess credit implications likely to materialize a few years from now. Full Report​​​​​​​​​​​​​​