Esma highlights Covid-19 threat for CLOs

On the 05.14.20 at 8:08AM


Tuba Raqshan

The European Securities and Markets Authority (ESMA) has found several issues with the credit rating agencies’ practices for rating this asset class.

In its latest report, ESMA said that as of the first quarter (Q1) of 2019, the outstanding global collateral loan obligation (CLOs) market amounts to US$ 740bn globally, which implies that CLOs hold approximately 50% of the globa

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