The ratings on the Louisville, Kentucky's KFC Yum! Center bonds were lowered to BBB-plus by S&P because of expected operational difficulties.
A shutdown of large public gatherings due to virus's pandemic cost the Manhattan cultural organization its investment grade rating.
The credit watch involves single-borrower securitizations of commercial mortgages for high-priced resorts in Florida and Hawaii.
While collapsing market prices do not present immediate worries for CLO managers, the prospect of future downgrades and defaults becomes more problematic.