After unveiling plans in January to change the way it rates U.S. bank loans and bonds, last week Moody's Investors Service extended its 30-day comment period, which now ends March 31.

While the new methodology reinforces a view that bank loans have a stronger performance than initially thought, the U.S. CLO market has become increasingly concerned about possible jolts. Potential for spread tightening and the impact, if any, on structured finance vehicles appears to be at the core of the angst.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.