CLOs and Leveraged Loans
Elen Callahan, managing director and head of research of the Structured Finance Association, joins host Patrick Dolan on Norton Rose’s podcast Securitization Insight to discuss recent trends in the leveraged loans and collateralized loan obligations (CLOs) markets.
The April 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices reported tighter bank lending standards for commercial and industrial loans in the first quarter of 2023. Elen and Patrick discuss what impact this has on loan issuances and demand to purchase and refinance these loans. They also explore the effect of credit deterioration on CLO structures and loan portfolio ratings.