Latest news
Latest news
S&P Global Ratings' Andy South gives his outlook for European ABS, and the regular trio talk about Italian ABS, frantic CLO issuance and a passing of the torch
Market anticipates another record year for new issuance, even as equity returns remain weak
Rating upgrades to CLO tranches by Moody's and Fitch could let managers increase leverage in deals
More articles
More articles
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A Japanese anchor investor bought the deal’s senior triple-A rated notes -
Manager prices deal close to market tights, although single-B investors receive higher par subordination than usual
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Single-B rated notes needed a greater discount than planned
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Manager refinances 2023 deal, reset in 2024
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Many CLO equity investors face twin blows of par losses and weak cash-on-cash distributions
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Reset includes multiple triple-A, triple-B and single-B tranches
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Manager prices reset for 2019 deal that was refinanced in 2021 with tight liability spreads
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Reset includes four triple-A tranches and tightens triple-A pricing by 24bp
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Creafin restarts the Belgian RMBS market, and CLO tiering has not yet materialized
