CDOs/CLOs

The firm's analysts offer their view on the fiscal cliff’s potential effect on each securitization sector and how this impact relative value.

The CLO new-issue market continues to chug along, with five new deals totaling $2.6 million printed last week, according to a report from Bank of America Merrill Lynch.

Barclays Capital expects total issuance volume for European securitization to remain more or less the same in 2013 from this year.

Moody's has launched its unpublished monitored loan rating or UMLR service in the U.S. Its CLO methodology will treat the ratings under UMLR as identical to the agency's published ratings.

It’s taken several years and rock-bottom interest rates, but more and more investors are eyeing the riskiest tranches of CLOs, known as the equity.

Reporting on the hurricane’s potential impact in the securitization world, Nora Colomer cited CoreLogic’s estimate that nearly 284,000 homes in the Mid-Atlantic region, valued at about $87 billion, were at risk of property damage.

U.S. financial institutions will not be required to start complying with Basel III capital and liquidity requirements by Jan. 1, according to a joint statement issued by regulators on Friday.

Middle Market CLOs continue to make-up a small part of primary volumes, driven by CLO mezzanine investors that are attracted to the wider spreads these deals offer.

S&P downgraded 242 ratings during 3Q12, for a 1.9 upgrade-to-downgrade ratio, dropping from the record ratio of 3.3 in 2Q12.

Prudential Financial said today it has closed the Dryden XXIV Senior Loan Fund, its most recent CLO, at $522.5 million.