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US BSL CLO Single-B Tranches with MVOC Below 100%

Around 34% of single-B tranches from the 2012–2022 vintages had an MVOC below 100% even before the recent volatility triggered by the Liberation Day tariffs. As of 24 April 2025, that figure has risen to 40%, or 151 deals across 49 managers, as shown in the table below.

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