Following a tepid start to 2014, new CLO issuance has jumped significantly of late, prompting market some experts to alter forecasts. CLO issuance for 2014 to date now stands at roughly
Though some regulations recently came into play and forced some natural CLO investors to the sidelines, it has opened the field for new investors to jump in, thus keeping CLO issuance levels robust. The piece of legislation throwing the largest monkey wrench into the sector, not surprisingly, is the Volcker Rule, which Kendra said continues to affect every aspect of the CLO market. All deals securitized this year address Volcker compliance while outstanding deals are in the process of complying with the new rule.
As part of Fitch's new investor video series, the rating agency's U.S. structured finance group heads discuss hot topics on investors' minds and how Fitch is addressing these topics, be it on specific deals, regulatory issues or even ways to enhance Fitch's research products. The video series will be available on Fitch's 'Multimedia' page at 'www.fitchratings.com'. Questions can be emailed to 'firstname.lastname@example.org'
Additional information is available on the following page:
Additional information is available at 'www.fitchratings.com'.
Head of U.S. Structured Credit
Global Head of Securitization and Covered Bonds
Managing Director, Business and Relationship Management
Senior Director, Business and Relationship Management - US Structured Credit
Source: Fitch Ratings
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