CDOs

DBRS hired David Sánchez Rodríguez for its structured finance group as assistant vice president.

After heavy criticism from investors, analysts and bond insurers over Standard & Poor’s new bond insurance rating criteria, the agency is firing back in self-defense.

Bank of New York Mellon has pulled the sale of its Alcentra unit, which manages $17 billion in CLOs and other vehicles that contain leveraged loans and high yield bonds, according to a Bloomberg report.

CLO issuance could return this month after volatility slammed the breaks on activity in August, Standard & Poor's said in a research report Monday. The pipeline is backed up to the tune of about $5 billion, spread among 13 deals.

Fitch Ratings submitted its comment letter in response to the Securities and Exchange Commission's Solicitation of Comment to Assist in Study on Assigned Credit Ratings, which is required by Section 939F of the Dodd-Frank Act.

Bond insurer Assured Guaranty has a bone to pick with Standard & Poor's over the rating agency's new bond insurance rating criteria.

State Street Corp. has launched a derivatives clearing service, complete with a swaps clearing platform.

Highland Capital Management has put its European CLO business back up for sale after taking it off the block earlier this year, according to Bloomberg.

Last December, when Carlyle Group took over four CLOs previously managed by Mizuho Alternative Investment, it didn’t just get the management contracts; it also acquired equity in these deals.

Golub Capital Partners is preparing a $300 million CLO. Golub Capital Partners CLO 10 is a managed cash-flow CLO collateralized primarily by broadly syndicated first-lien senior secured corporate loans, according to a presale report by Moody’s Investors Service.

The current shutdown of the European leveraged loan market, after a glimpse of better times earlier this year, has prompted some to fret, once again, about a barrage of loan maturities coming due just as many of Europe's CLOs come to the end of their reinvestment period.

Citigroup is marketing Apidos Capital Management’s new $395 million CLO, according to people familiar with the deal.

The Federal Deposit Insurance Corp. (FDIC) on Aug. 23 came out with its quarterly list of problem banks. The list decreased for the first time since the start of the financial crisis.

Another CLO manager is on the block.

Global multi-asset investment manager PineBridge Investments announced the closing of its CLO called Galaxy XI CLO, Ltd.

London-based financial advisory firm Rothschild has taken over the CLOs of Elgin Capital.

CREL CDOs delinquencies dropped for the third consecutive month, the latest index results from Fitch Ratings showed.

Markit has teamed up with the Depository Trust & Clearing Corp. (DTCC) to boost the secondary market for leveraged loans by providing simultaneous transfer of cash and loan assets.

The bankruptcy court signed off on Lehman Brothers Holdings’ plan to generate as much as $2 billion for creditors by securitizing a portfolio of commercial loans.

Lewtan appointed Salil Donde as chief executive officer. Donde joins Lewtan from Marshall & Swift/Boeckh, a provider of essential property information solutions.