More NewsFurther Growth Expected for CDOs of Leveraged Loans

Further Growth Expected for CDOs of Leveraged Loans

The market for CDOs of leveraged loans remains healthy and the next year should see further growth, according to a report by Standard & Poor’s. Mike Nicholson, credit analyst at Standard & Poor’s Structured Finance Ratings group in London, commented: ‘Standard & Poor’s rated 12 CLOs that closed in 2003, compared with seven in 2002 and six in 2001. Of the 12 transactions, six transactions were repeats, and three were first-time CLOs by managers with previous CDO experience.’ The report notes that LBO volume has increased for the fifth straight year. Leveraged loans are becoming riskier, with a greater proportion rated ‘B’. However, ratings and credit estimates on CDOs of leveraged loans have shown strong stability, being considerably less volatile than European corporates in general.

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

4w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

6m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

6m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha