Fitch Publishes Global CLO Market Trends Quarterly

CHICAGO--(BUSINESS WIRE)-- Issuance of new U.S. collateralized loan obligations (CLOs) picked up in the second quarter of this year in comparison to the first quarter, according to Fitch Ratings. Thirty nine U.S. CLOs and 11 European CLOs priced, while new issue stated spreads increased in the U.S. and dropped in the European market during the second quarter of 2016, according to Fitch's latest 'Global CLO Market Trends Quarterly.'

Fitch believes the U.K's referendum may affect the issuance volumes of European CLOs, but European CLO performance should remain resilient. Fitch also commented on their approach to rating combination notes and the importance of continuing to rate these notes in the future. Fitch has begun increasing their coverage of the U.S. loan market in response to its increased involvement in CLO ratings.

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

Additional information is available at 'www.fitchratings.com'.

Global CLO Market Trends Quarterly

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=884856

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View source version on businesswire.com: http://www.businesswire.com/news/home/20160718006346/en/

Fitch Ratings
Derek Miller
Managing Director
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Fitch Ratings, Inc.
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Chicago, IL 60602
or
Kevin Kendra
Managing Director
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or
Matthias Neugebauer
Managing Director
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or
Media Relations
Sandro Scenga
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New York
[email protected]

Source: Fitch Ratings

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