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Standard & Poor's published revised methodologies and assumptions it uses to rate global CDOs backed by corporate debt.
September 17 -
The CLO rally is not just explained by increased risk appetite but also by what has become a less threatening outlook for the sector than originally anticipated, Citigroup Global Markets analysts said in a report this week.
September 9 -
H. David Sherman, a Northeastern University accounting professor who wrote a book on fair-value accounting published earlier this year, is already at work on an expanded edition. He has much to expand on, given all the pronouncements, proposals and debates on the fair-value issue that have cropped up in recent months.
September 8 -
Barclays has repackaged part of a $1 billion CLO portfolio that was downgraded two months ago into new triple-A-rated securities. The CLO is managed by Highland Capital Management.
September 4 -
Standard & Poor's took credit rating actions on 453 European synthetic CDO tranches.
September 4 -
CLO managers are starting to see the positive side affects of the recent rally in the leveraged loan market, as various CLO fundamentals improve. A somewhat surprising phenomenon, considering the market continues to face rising defaults and a still sluggish economy.
August 21 -
MBIA Capital Management Corp looks set to replace Vertical Capital, LLC as asset manager for Vertical CRE CDO 2006-1 Ltd.
August 13 -
KBC Bank reported a surprise profit that was attributed to boosted CDO value from narrowing credit spreads, published reports said.
August 7 -
Deerfield Capital Corp. entered into three supplemental indentures on July 31 with the holders of the trust preferred securities issued by each of Deerfield Capital Trust I, Deerfield Capital Trust II and Deerfield Capital Trust III.
August 5 -
If the leverage finance market has a Mickey Rourke - the actor who wrestled his way back on top - it would probably be the CLO manager. CLOs have experienced a comeback recently, mainly because secondary prices have improved since the first quarter. But market participants believe that CLOs are still on the ropes, and will be for the rest of the year.
August 3
