CLO Risk Exposure to the Coronavirus Disease (COVID-19)
Broadly syndicated loan (BSL) collateralized loan obligations (CLOs) and middle-market (MM) CLOs are exposed to risks associated with the economic impact of the Coronavirus Disease (COVID-19) to the extent that underlying companies experience deteriorated financial conditions. As a result of the current pandemic, many companies face extraordinary revenue challenges that affect production and customer behavior, putting pressure on liquidity. DBRS Morningstar assesses the potential risk exposure of CLOs to the coronavirus by examining sensitivity to potential company credit-quality rating downgrades in conjunction with our ongoing assessment of macroeconomic scenarios.
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.