Le Lézard
Classified in: Covid-19 virus
Subject: Economic News/Analysis

KBRA Releases Research ? Coronavirus (COVID-19): U.S. BSL CLO Sector Exposure Map: September 2020


Kroll Bond Rating Agency (KBRA) releases a report which details U.S. broadly syndicated loan (BSL) collateralized loan obligation (CLO) exposure to sectors that have experienced negative credit migration as a result of the ongoing coronavirus (COVID-19) pandemic.

Even though the worst-case scenarios that market participants layered into their credit analysis have not yet come to fruition, some are bracing for near-term volatility given the upcoming presidential election and the rising rate of infections.

In this report, we provide an update on U.S. CLO sector exposure and overall industry credit quality, based on reported data from March through September 2020 trustee reports for a representative sample of transactions.

We also include the Structured Credit Publication Index, which contains links to recent KBRA reports within the Structured Credit sector. Notably, we recently published preliminary ratings for Golub Capital Partners TALF 2020-1, L.P., the first eligible CLO issued under the Federal Reserve's Term Asset-Backed Securities Loan Facility (TALF).

Click here to view the report.

Related Publications

About KBRA and KBRA Europe

KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) with the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe is registered with ESMA as a CRA. Kroll Bond Rating Agency Europe is located at 6-8 College Green, Dublin 2, Ireland.


These press releases may also interest you

at 18:00
Voxtur Engages ICP Securities Inc. for Automated Market Making Services
Voxtur Analytics Corp. , a North American technology company creating a more transparent and accessible real estate lending ecosystem, is pleased to announce that it has engaged the services of ICP Securities Inc. ("ICP") to provide automated market...

at 18:00
Portland General Electric declares dividend
On April 19, 2024, the board of directors of Portland General Electric Company declared a quarterly common stock dividend of $0.50 per share, representing an increase of 5.3%, or $0.10 per share, on an annualized basis. The company's dividend is...

at 17:52
ADYTON RESOURCES CORPORATION ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT
Adyton Resources Corporation  ("Adyton" or the "Company") announces it has closed its previously announced non-brokered private placement offering, pursuant to which it has issued 50,000,000 common shares of the Company ("Shares") at a price of...

at 17:20
NCPDP's National Facilitator Model Pilot Project Enters Second Phase
Building on a successful phase one in which STChealth proved that the Universal Patient Identifier (UPI)?powered by Experian Health's Universal Identity Manager (UIM) and NCPDP Standardstm?can accurately identify patients across multiple datasets in...

at 17:00
Lion Group Holding Announced Receipt of Nasdaq Listing Delinquency Notice
Lion Group Holding Ltd. ("Lion" or "the Company") , the operator of an all-in-one trading platform that offers a wide spectrum of products and services, today announced that on April 18, 2024, it received a delinquency notification letter from the...

at 16:30
Cosmos Health Receives Nasdaq Notice on Late Filing of Its Form 10-K
Cosmos Health Inc. ("Cosmos Health" or the "Company'') , a diversified, vertically integrated global healthcare group engaged in innovative R&D, owner of proprietary pharmaceutical and nutraceutical brands, manufacturer and distributor...

More news about Covid-19 virus...


News published on and distributed by: