U.S. Structured Credit Roundtable: Investors Expect U.S. CLOs To Continue To Perform Well In 2012 Jan 12
- ID: 2040250
- January 2012
- Region: United States
- Standard & Poors
Standard & Poor's Ratings Services recently hosted a roundtable with U.S. collateralized loan obligation (CLO) investors to discuss the current state of and outlook for the U.S. CLO market. The investors focused on what they see as robust structural features in CLOs and the CLOs' ability to withstand default cycles and create long-term value. One investor stated that collateral managers have flexibility to distinguish themselves from peers and provide value to all parts of the capital structure. Keeping in the theme of capital structure, another investor commented that the credit spread, given the true level of credit risk, makes the senior part of the capital stack very appealing to investors. Most of the investors are anticipating that U.S. CLO issuance...
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Research Type: Commentary
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