CDOs/CLOs

Citigroup has arranged a $600 million CLO that will be managed by Guggenheim Investment Management, according to sources.

DBRS is requesting comments on the proposed legal criteria for European structured finance deals.

Three years after the onset of the financial crisis, securitization market players are now focusing more on finding different restructuring options for ABS deals, according to the Henderson Global Investors' structured products team.

Fitch Ratings said today that it has made changes to its global rating methodology for CDOs backed by trust preferred securities (TruPS).

Fitch Ratings stated that defaults on U.S. bank TruPS CDOs eclipsed the 14% mark on 11 new bank defaults.

While the call for the creation of a catastrophic insurance fund for MBS has been gaining ground in recent weeks, two leading Federal Reserve Board economists are poised to push the concept one step further, suggesting a backstop for all ABS.

In 2Q10, CLO obligor concentration risk decreased slightly in outstanding Standard & Poor's-rated U.S. cash flow deals, the agency said in a recent report.

Mayer Brown appointed Dominic Griffiths as the new head of the banking and finance group in London.

The Royal Bank of Scotland has reportedly sold a €1.4 billion ($1.8 billion) portfolio of leveraged loans to Intermediate Capital Group.

Moody's Investors Service reiterated Monday that the possible bankruptcy of Ambac Financial Group is unlikely to affect policyholders of its bond insurer subsidiary.