With looming risk-retention rules less than two months away, collateralized loan obligation managers may push refi levels to new heights before the year is out.

In a quarterly CLO market report issued Wednesday, Moody’s Investors Service said the deals and volume level of refi’s and so-called “resets” of existing CLO portfolios will reach post-crisis highs, as managers rush to beat a late December deadline when federal risk-retention standards go into effect for the asset class.

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