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Join Fitch for the upcoming Outlook panel: Credit Outlook 2025 Private Credit
At the end of 2024, 24 CLOs had exposure to at least one defaulted or deferring issuer. The average exposure in middle market (MM) CLOs rose to 1.1%, up from 0.7% in the previous quarter, while remaining unchanged from the same period last year. In December, six new defaulted or deferring issuers were reported across eight MM CLOs, these issuers contributing to a combined exposure rate of 0.7% to 1.4% across these transactions. Additionally, one prior defaulted issuer emerged and another one was removed from the Fitch-rated CLOs in December.
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