Are CLO collateral and tranche ratings disconnected?
JM Griffin, J Nickerson - The Review of Financial Studies, 2023 - academic.oup.com
Abstract Between March and August 2020, S&P and Moody's downgraded approximately 25
of collateral feeding into CLOs and only 2 of tranche values, with rating actions …
of collateral feeding into CLOs and only 2 of tranche values, with rating actions …
Hail the new private debt machine: Private equity, leveraged loans, and collateralised loan obligations
V Bavoso - Law and Financial Markets Review, 2020 - Taylor & Francis
The Covid-19 pandemic and the subsequent worldwide economic slowdown have exposed
the fragility of the financial sector, among others. This article argues that the seeds of this …
the fragility of the financial sector, among others. This article argues that the seeds of this …