On Monday, a wave of expected refinancings in collateralized loan obligations deals appeared to crest with 13 existing CLO deals assigned new post-refinancing ratings by Moody’s Investors and Standard & Poor’s.

The refinancings are coming “fast and furious,” said an official with the Loan Syndications and Trading Association, based on the anticipated deadline of forthcoming risk-retention guidelines effective for CLOs after Dec. 24.

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.