Fitch Ratings said recent leveraged loan price volatility presents increased risks and opportunities for CLO managers.
Reuters reported that a slow start to the year in the U.S. leveraged loan market is expected to ensure that a $4.3 billion highly leveraged loans backing pet retailer PetSmart’s private equity buyout will find buyers.
According to a Forbes report, lenders were able to recover 81% of their investment on defaulted loans sized at less than $200 million for the period 2010 through 2013.