TITLE

Moody's May Upgrade $237B of CLOs

AUTHOR(S)
Colter, Allison Bisbey
PUB. DATE
June 2011
SOURCE
High Yield Report;6/27/2011, p12
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the possibility that Moody's Investors Service could upgrade roughly 237 billion dollars of collateralized loan obligations (CLO) due to the change in its ratings methodology as of June 27, 2011. Among the changes are the lifting of the 30% default probability stress and the recalibration of the default probability and recovery rate assumptions. The opinion of managing director Jian Hu on the firm's move is also cited.
ACCESSION #
66187655

 

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