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U.S. Structured Credit Roundtable: CLO Issuance And Performance Are Holding Steady Despite Economic Uncertainty Jan 12
Standard & Poors, January 2012
Absent a serious tumble by the broader economy, the collateralized loan obligation (CLO) market should remain healthy over the next six to 12 months, according to participants in a recent roundtable discussion hosted by Standard & Poor's Ratings Services. The sovereign debt crisis in Europe remains a concern for European loans, but U.S. CLO should experience less of an effect. Panelists discussed current CLO performance, projected issuance over the next six to 12 months, the impact of pending regulation, and other key topics. The panelists were generally positive about the outlook for leveraged loans. Most expect low defaults and healthy balance sheets among issuers--which would benefit the CLO market. On average, participants forecast 2012 issuance of $10 billion-$20 billion, about...
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
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