How Does a CLO Work? (Updated)
Have you ever wondered how CLO tranche ratings—AAA, AA, A, BBB, and BB—are derived from a portfolio of non-investment grade loans?
Have you ever wondered how CLO tranche ratings—AAA, AA, A, BBB, and BB—are derived from a portfolio of non-investment grade loans?
Securitisation can certainly play a crucial role in facilitating the mobilisation of institutional capital into infrastructure financing, especially for sustainable infrastructure and clean energy projects. Additionally, it can help banks recycle their balance sheets into originating new loans to finance such infrastructure initiatives.
In the CLO market, the terms "CLO performance" or "resilience" can have varying definitions. It is essential to note that...
This research report is now available to bloomberg terminal users.
An Introduction To CLO Economics What is CLO? We could think of CLO rated-tranches (e.g. AAA to BB) as long-term...
Intelligent people make decisions based on opportunity costs. —Charlie Munger CCC/Caa - To Sell, Or Not To Sell, That Is...