CLOs under pressure
The outlook for the US CLO market remains rocky at the beginning of 2023, with ongoing headwinds impacting CLO formation and performance, a rising level of low-rated CLO assets in 2022, and a risk of credit rating downgrades. Despite this, industry experts have remarked that mid-market deals and broadly syndicated CLO activity remains. Given these conditions, our panel of CLO managers will discuss the resilience of the sector and what they have been doing to navigate the current market dislocations.
- Given the current market downturn and deteriorating credit conditions, what will the long-term impact be for CLOs?
- How has CLO formation fared in the past 12 months? Are we seeing opportunities for new CLO formation given the current rate environment?
- How are CLO managers reacting to the current downturn, and what strategies have they employed? Will we see increased consolidation?
- Which segments of the CLO market are defying the odds?
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