Investors interested in collateralised loan obligations may need to review their plans given the prospect of downgrades and a lack of support by the US Federal Reserve's new credit facility.
Tag : collateralised loan obligations
The US-based alternatives credit firm says the US securitised leveraged loan market is fundamentally healthy, but some investors are still shunning the segment.
Even traditionally conservative Asian institutions are being drawn to non-investment grade US debt vehicles, notably high-yield bonds and CLOs, says Asia-Pacific head Nick Hoar.
