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KBRA Releases Research - Coronavirus (COVID-19): U.S. BSL CLO Sector Exposure Map: October 2020
[November 23, 2020]

KBRA Releases Research - Coronavirus (COVID-19): U.S. BSL CLO Sector Exposure Map: October 2020


Kroll Bond Rating Agency (KBRA) releases a report which details U.S. broadly syndicated loan (BSL) collateralized loan obligation (CLO) exposure to sectors that have experienced negative credit migration as a result of the ongoing coronavirus (COVID-19) pandemic.

Cyclical and discretionary sectors remain the most exposed as the specter of new lockdown orders once again threatens the performance of nonessential businesses. As the calendar approaches 2021, KBRA is constructive on the prospect of an overall economic rebound, which should bode well for corporate credit activity. However, the road to recovery will take time.

In this report, we provide an update on U.S. CLO sector exposure and overall industry credit quality, based on reported data from March through October 2020 trustee reports, for a representative sample of transactions.

We also include the Structured Credit Publication Index, which contains links to recent KBRA reports within the Structured Credit sector.

Click here to view the report.



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About KBRA and KBRA Europe


KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) with the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe is registered with ESMA as a CRA. Kroll Bond Rating Agency Europe is located at 6-8 College Green, Dublin 2, Ireland.


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