CDOs/CLOs

RBC Capital Markets has added a cohead of U.S. loan capital markets, the firm said.

GreensLedge Capital Markets has appointed Ken Wormser and David Powar as managing partners at the firm. Wil Fischer, Ninat Lekagul, and Aimee Means will also join the firm as managing directors, with Mark David, Naz Majidi, and Craig Reckin being named directors at GreensLedge.

Apollo Global Management and its subsidiaries bought Gulf Stream Asset Management, which now manages 10 CLOs and has over $3 billion in assets under management.

Babson Capital Management is in the market with a $512 million CLO.

Eleven years ago, AXA Investment Managers (IM) was one of the first firms to launch a European CLO, and through the most recent financial crisis, when so many new entrants to the European CLO space found it impossible to stay in business, its products were among the few survivors.

Ambac Financial Group, the bankrupt holding company for bond insurer Ambac Assurance Corp., filed a plan of reorganization in bankruptcy court this week, but quickly came under criticism from the Wisconsin regulator in charge of overseeing Ambac Assurance.

Moody’s Investors Service downgraded Portugal by four notches to 'Ba2' from 'Baa1' with a negative outlook yesterday.

ABN AMRO appointed Patrick Keleher managing director and head of loan syndication in North America, a new role at the Dutch firm.

With the Dodd-Frank Act and Basel capital regime already imposing new requirements on derivatives players, the U.S. bank regulators added another one Tuesday completely of their own accord.

The loan default rate remained at a historic low in June, according to a report issued today by Standard & Poor’s Leveraged Commentary and Data.