CDOs

Ratings rotation was advocated by some panelists at a talk a convened by the Securities and Exchange Commission on a credit rating assignment system as envisaged by Section 939F of the Dodd-Frank Act, also known as the Franken Amendment.

A range of voices in the structured finance industry spoke against a credit rating assignment system as envisaged by Section 939F of the Dodd-Frank Act at a panel convened by the Securities and Exchange Commission.

The revival of Europe’s collateralized loan obligation market doesn’t extend to middle market loans, according to Fitch Ratings.

Markit, the global financial information services company, has launched a new service for the pricing of collateralized loan obligation tranches.

The first three European CLOs to price since the financial crisis were structured to ease investor worries, and their successively tighter spreads suggest that’s happening, boding well for future deals as they adapt to the current market’s demands.

A collective sigh must have fallen across weathered European collateralized loan obligation (CLO) managers when news emerged about H.J. Heinz Co.’s decision to forgo selling a European portion of its $12 billion LBO financing in mid-March.

U.S. CLO Managers March to Europe

Deal economics of European CLOs are improving, trumping regulatory challenges and a shortage of collateral

Standard & Poor's Sounds Alarm on Covenant-Lite Loans in CLOs

Corporate borrowers continue to take advantage of strong demand for loans to re-price existing debt, and this is putting a squeeze on some of the biggest buyers of loans—collateralized loan obligations.

Fitch Ratings does not expect to either upgrade or downgrade any European collateralized loan obligations for the remainder of 2013.

The Loan Syndications and Trading Association and the Securities Industry and Financial Markets Association have jointly developed a pair of proposals to help collateralized loan obligations comply with the U.S.'s new Foreign Account Tax Compliance (FACTA) tax regulations.

Issuance of new U.S. collateralized loan obligations is likely to level off after ‘skyrocketing’ in the first quarter, according ot Fitch Ratings.

Pramerica has adjusted the structure of a €300 million CLO it priced this month, presumably to reflect the fact that an unusually large portion of the collateral is in fixed-rate bonds, as opposed to floating rate loans.

Seix Investment Advisors is returning to the CLO market for the first time since the financial crisis with a $400 million deal.

The Structured Finance Industry Group has 55 members and counting. The new trade organization’s website now has a link to all of those who have joined the group.

THL Senior Credit Strategies is in the market with its fifth collateralized loan obligation, according to a presale report by Standard & Poor’s.

Apollo Global Management said today it priced its first European collateralized loan obligation; the €325 million deal is only the region's third since the financial crisis.