Default rates have normalized, coverage ratios compressed, and AI is disrupting loan borrowers. Here’s why investment-grade CLO tranches have absorbed every stress.

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WASHINGTON, May 8 (Reuters) - Middle market collateralized loan obligations (CLOs) have declined in credit quality as smaller corporate borrowers suffer from high inflation and interest rates, Moody's ...

CLOs have historically offered a compelling combination of above-average yield, strong risk profiles, and the potential for strong upside appreciation. Over the long term, collateralized loan ...

In-house legal teams feel comfortable providing legal advice on AI-related matters, but so many employees are asking that they're struggling to keep up. Legal departments are diving headfirst into the ...

Robert Smith’s Tail Risk column (November 20) underplays the similarities between collateralised loan obligations and collateralised debt obligations. He praises the “clever” structure of CLOs, ...

Drawing on our strong corporate credit research capabilities, we assess each loan individually, determining only 11% of US CLO loans and 9% of European CLO loans are directly exposed to AI disruption, ...

The last few years have been challenging for fixed income investors. At first, interest rates were below historical averages, creating a difficult search for yield. Then the environment changed ...