The credit quality of high yield CDOs, particularly at the senior level, is improving, Merrill Lynch reported last week in research.

A recently issued surveillance report from the firm tracked deal performance and coverage test status of 35 Merrill CDO transactions; deals tracked in the report were primarily high yield bond and leverage loan-backed.

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.