Leveraged loans

By Glen Fest
March 19, 2020 1:02 PM

While collapsing market prices do not present immediate worries for CLO managers, the prospect of future downgrades and defaults becomes more problematic.

2 Min Read
ASR072017-Marriott
By Glen Fest
March 11, 2020 5:00 PM

Prices for major term loans issued by operators such as Marriott International, Hilton Worldwide and Caesars Entertainment have fallen in recent weeks as investors grow worried about the impact of the COVID-19 outbreak on global tourist and business travel.

1 Min Read
March 11, 2020 2:26 PM

Banks may be protected from a direct hit, but they have invested in vehicles that include such loans, potentially exposing them to defaults.

5 Min Read