S&P study shows European CLOs are linked to few companies

04/6/2010 | Financial Times (tiered subscription model)

Standard & Poor's is poised to release a study showing that many European collateralised loan obligations are linked to the debt of 30 companies, exposing many funds should any of those companies default. "Relatively high overlap in the European CLO sector means deterioration among a few key corporate obligors could continue to affect a large number of CLO transactions," analysts at S&P said.

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