CLO issuance falls 48% as rush of loan downgrades threatens investor distributions
April 17, 2020 at 09:54 AM EDT
NEW YORK, April 17 (LPC) - Issuance of US Collateralized Loan Obligations (CLOs) fell 48% in the first quarter as the coronavirus pandemic shut down global economies leading to a rush of loan downgrades that could cut off distributions to the fund’s most junior investors.
