US CLOs Eye New Energy Loans Amid Residual Risk
Banking & Financial Services / United States / Fri 22 Jun, 2018
U.S. CLOs are not shying away from new loans being issued by the energy sector despite the continued risk of defaults in their legacy holdings, largely to loans issued when oil prices were higher, Fitch Ratings says. CLO exposure to the energy sector could increase on strong energy issuance for the year.
Nearly all of the CLOs monitored by Fitch -