New Ratings Mean New Problems For CLO Managers
February 19, 2009
On February 4, Moody’s revised the rating methodology it uses to rate CLOs, spurring a rash of CLO downgrades that has yet to end. As a result, CLO managers have begun requesting amendments to their reinvestment periods to relieve the pressure...
The full article is available to Leveraged subscribers only
Already a print subscriber? As a print subscriber, you are entitled to online access. Please click here to activate your account.
