CLO Market Musings 3 – Improvement in MVOC
CLO MVOC metrics have all improved considerably across the board YTD (as shown in the tables below). Consequently, CLO debt...
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CLO MVOC metrics have all improved considerably across the board YTD (as shown in the tables below). Consequently, CLO debt...
Please see the table below for the latest number of post-2012 US CLO deals with failing ID/OC test(s) by vintage....
Collateral weighted average price (WAP*) is quite useful for a quick snapshot of collateral credit risks. That said, this metric...
Collateral weighted average price (WAP*) is quite useful for a quick snapshot of collateral credit risks. That said, this metric...
2023 is key for CLO managers to prove that the optionality embedded in the long-term non-recourse nature of the CLO capital structure is indeed valuable for CLO equity investors.
Please see the table in this freemium article for the full list of US CLO managers and their assets under (US CLO) management (billion) as of 30 Dec 2022 based on LCD and Intex data.
Please find the table below for the CLO collateral exposure by industry (Moody's classification) based on 233 US BSL CLO...
Please see the table below for the list of top 10 US CLO managers and their assets under (US CLO) management (billion) as...
Collateral weighted average price (WAP*) is quite useful for a quick snapshot of collateral credit risks. That said, this metric...
Suppose that static deals are priced wider or in line with the regular longer-dated CLOs. In that case, it could...
Market Value Over-Collateralisation (MVOC) (say, at the single-B tranche level) is calculated by dividing the collateral MV by the sum...
At CLO Research, we provide genuinely independent first-hand CLO research content that is highly relevant to the investing community. We can save you precious time and resources in assessing CLO managers through manager scoring based on relative return performance rather than deal metrics.
Collateral weighted average price (WAP*) is quite useful for a quick snapshot of collateral credit risks. That said, this metric...
Collateral weighted average price (WAP*) is quite useful for a quick snapshot of collateral credit risks.
The tables below show the MTD MVOC change for US BSL CLO and EU CLO deals as of 13 Oct 2022.