CDOs/CLOs

The final scope of regulations governing securitization in Europe will shape the future of the industry, according to a report released today by Standard & Poor’s.

European collateralized loan obligations are deleveraging more rapidly than might be expected after their reinvestment period ends, according to Fitch Ratings.

The Carlyle Group priced its fourth collateralized loan obligation of the year Friday, bringing U.S. issuance for the year to date to $62.6 billion, according to Thomson Reuters LPC.

CVC Credit Partners is preparing a $490 million collateralized loan obligation, according to rating agency reports.

Participants at ABS East held forth on value opportunities in securitization and how increases in interest rates, loosening underwriting standards and the debt ceiling stalement ought to inform investor behavior over the short-to-medium term.

CIT Asset Management is preparing a rare sterling-denominated CLO, according to a presale report published by Standard & Poor’s.

ACIS Capital Management is prepping a $849.43 million collateralized loan obligation, according to a presale report from Standard & Poor’s.

Collateralized loan obligation managers and arrangers have long argued that they should not be subject to the requirements to retain “skin in the game” of these deals. CLOs, which are backed by below investment grade corporate loans, didn’t contribute to the financial crisis, the argument goes, and they shouldn’t have to pay the price for it.

Regulators have granted collateralized loan obligations an exception to risk retention rules, but it's a no-go