Leveraged loan prices suffer worst setback on record
While collapsing market prices do not present immediate worries for CLO managers, the prospect of future downgrades and defaults becomes more problematic.
By
Glen Fest
Downgrades
For battered junk market, an old risk grows louder each day
The lowest tier of investment-grade companies are growing vulnerable to downgrades to high-yield status – a designation that could drive up their borrowing costs and set off a wave of selling from investors who aren’t permitted to hold such low-quality debt.
S&P places tobacco revenue ABS bonds under downgrade review
The 240 note classes under review from 24 issuers include several already holding high-risk triple-C ratings.
By
Glen Fest
