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‘CCC’ Exposure Slightly Up
Exposure to assets with Fitch IDRs or credit opinions of ‘CCC+’ or below, excluding nonrated assets, increased by 20 bps to 18.4%, compared to last month and is up by 3.3% compared to a year ago. For the 20 transactions with a rise in exposure since last month, the increase averaged 1.7%. For the 21 MM CLOs with a decline, exposure was 1.5% lower on average. Two MM CLOs in reinvestment are failing the Fitch ‘CCC’ concentration limit.
Latest news
US leveraged loans returns turn negative in October
The Bloomberg US Leveraged Loan Index (Ticker: LOAN) has returned -0.26% this month through October 21, reducing its year-to-date return…
M&A activity begins to tick upward
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