European CLO exposure to ‘CCC’ category rated assets has been low although it is increasing. To understand how increasing ‘CCC’ exposure impacts coverage tests generally and how variations in CLO documentation can impact noteholders differently, see the short video below.
CLOs Simplified: Episode 3 - How CCCs Impact Coverage Tests
Capital Markets View - September 2020
U.S. And European CMBS COVID-19 Impact: Retail And Lodging Are The Hardest Hit
Select Servicer List
Warwick Finance Residential Mortgages Number Three U.K. Nonconforming RMBS Ratings Raised; Class D Notes Affirmed