Panel: Portfolio Challenges of Repairing a US CLO
With a quarter of US CLOs failing their OC tests there has been plenty of talk about the impact of test-failures, but very little talk about what portfolio management steps a manager can take to fix the problem. As loan-market prices stabilize some test will cure themselves, but other like CCC-buckets will require active steps, complicated by the wide range of other matrices and metrics that need to also be fulfilled.
• How quickly are CLO metrics improving?
• Which tests are the easiest to cure, and which are the hardest?
• What are the best ways for managers to get back into compliance?
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