Moodys Investors Service has launched a new monthly newsletter called CLO Interest to better inform investors on credit issues involving CLOs. The first edition was published today.
The new publication aims to summarize the rating agencys perspective on the latest credit issues and news affecting CLOs for global market participants.
Highlights of todays inaugural issue include: the exposure of U.S. CLOs to troubled U.S. automakers, consideration of CLOs having experienced an Event of Default as the exception or rule, and options Moodys is considering as it updates the deep discount framework in rating CLOs.
The issue also includes summaries of CLO performance and ratings activities, which will be a regular feature of the new publication.
CLO Interest will have regular sections, namely: Market Pulse, Fundamental View, Moodys Publications, and announcements. Market Pulse will track key market and performance statistics for CLOs while the Fundamental View section draws insight from the rating firms fundamental credit analysis and Moodys Economy.com.
CLO Interest is published by the agencys derivative group and is available on the firms Web site, Moodys.com.
