Fitch Publishes Global CLO Market Trends Quarterly

NEW YORK--(BUSINESS WIRE)-- Issuance of new U.S. collateralized loan obligations (CLOs) began the year at a brisk pace; however, issuance for the remainder of the year is expected to slow, according to Fitch Ratings. Fifty-two U.S. CLOs and nine European CLOs priced during the first quarter of 2015, according to Fitch Ratings in its latest Global CLO Market Trends Quarterly.

Fitch rated six U.S. CLOs during the first quarter that were issued in compliance with European risk retention rules. Liability spreads on these transactions were tighter than non-compliant structures by approximately six basis points on the senior-most tranche. Delayed-draw note structures have also become more common in the U.S. as a potential method to preserve refinancing rights after risk retention is implemented in late 2016.

Fitch's latest 'Global CLO Market Trends Quarterly' newsletter is available at 'www.fitchratings.com' or by clicking on the above link.

Additional information is available on www.fitchratings.com

Applicable Criteria and Related Research: Global CLO Market Trends Quarterly

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=865551

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

Fitch Ratings
Derek Miller
Senior Director
+1-312-368-2076
Fitch Ratings, Inc.,
70 West Madison Street,
Chicago, IL 60602
or
Kevin Kendra
Managing Director
+1-212-908-0760
or
Matthias Neugebauer
Managing Director
+44 20 3530 1099
or
Media Relations
Sandro Scenga
+1-212-908-0278
New York
[email protected]

Source: Fitch Ratings

You May Also Be Interested In

• Sky High Brands Named Exclusive Cannabis Partner of the Buffalo Chip at the Legendary 2026 Sturgis Motorcycle Rally
• Pye-Barker Fire & Safety Celebrates Mid-Year Momentum and #3 SDM 100 Ranking
• Anfield Energy Announces Pricing of US$6.0 million Underwritten Public Offering of Common Shares