Retail exposure might represent the largest distressed sector exposure for CLOs – even more so than energy, the Loan Syndications and Trading Association warned Friday.

The trade group's weely membership newsletter, published Friday, pointed to recent research from investment banks speculating on the likely impact of troubled apparel chains such as Sears, JCPenney, Neiman Marcus and Macy's.

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.