CDOs

Over the last year, laissez-faire has become seriously dated.

Leveraged loan investors are in an uproar over the fees they pay to obtain a credit estimate — a private rating on an individual loan — from Moody’s Investors Service.

Avenue Capital Group, a New York-based hedge fund founded by Marc Lasry and Sonia Gardner, has decided not to sell its high yield bond and leveraged loan division due to the recent rally in the markets.

Some European CLO transactions may be susceptible to undercollateralization event of default triggers (EoD triggers) if leveraged loan prices continue at depressed levels and cumulative defaults reach 25% over the next two years, according to Fitch Ratings.

NewOak Capital hired Malay Bansal, the former head of CRE CDOs at Merrill Lynch, as a managing director in CMBS.

Eighteen financial institutions have jointly sued MBIA over splitting its business in earlier this year, according to report from Dow Jones.

LAS VEGAS -- Private-equity-backed companies with strong credit profiles are generally on the sidelines of the financing markets, hoping that the continuing stabilization of the credit markets will save them money on refinancing transactions.

The International Organization of Securities Commissions’ (IOSCO) technical committee published Unregulated Financial Markets and Products – Consultation Report that was prepared by its task force on unregulated financial markets and products.

American International Group (AIG) reported a $4.35 billion ($1.98 per share) loss for the first quarter that included a $1.9 billion charge for restructuring costs at AIG Financial Products Corp. (AIGFP).

Ares Management, a Los Angeles based investment manager, is looking to acquire 22 pieces CLOs worth as much as $767 million.

An MBIA subsidiary and LaCrosse Financial Products have filed a lawsuit against two Merrill Lynch entities for misrepresentation and breach of contract in connection with credit default swaps tied to subprime residential mortgages.

Fitch Ratings said that the recently proposed amendments to include a credit support annex (CSA) for six Harbourmaster CLO transactions are a positive structural feature as they reduce counterparty risk within the deals.

Moody's Investors Service has downgraded its ratings of 188 notes issued by 91

In a report, Fitch Ratings said that 21 newly delinquent assets led to a rise in U.S. commercial real estate loan (CREL) CDO delinquencies.

New York Mortgage Trust (NYMT), a real estate investment trust that securitizes prime residential mortgages, has invested $9 million in the Cratos CLO I, marking its first foray into alternative investments.

Maxim Group hired four fixed-income professionals for its structured credit sales and trading group.

A new €243 million ($320 million) collateralized bond obligation pool open to French regional not-for-profit hospitals began marketing last week.

Standard & Poor’s last week downgraded bond insurer Radian Asset Assurance to 'BBB-' from 'BBB+' in a move related to downgrades of parent Radian Guaranty and all other major U.S. mortgage insurers. The rating remains on negative watch.

SecondMarket launched markets for MBS, whole loans, and CDOs yesterday.

The CLO market has had dark clouds overhead since the credit storm began, and occasionally there have been downpours of liquidations and forced selling. As the storm lingers, market participants differ on their view of the forecast — some believe there will be another wave of liquidations, others believe the market will remain calm.