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Home » CDOs

CDOs

Loan Market Is Summer’s New Roller Coaster

June 19, 2009 - Market participants believe the loan market is about to take another plunge. Nowhere else has the recent rally made more of an impact than in the CLO market.

PF2 Securities Hires Legal Associate

June 19, 2009 - PF2 Securities Evaluations, a provider of CDO security evaluations and analytics, hired Ilona Roze as a legal associate.

CMRA Hires Head of Fixed Income

June 17, 2009 - Financial advisory firm Capital Market Risk Advisors hired Peter Niculescu as partner and head of fixed income.

ASF To Hold Major Conference in Washington

June 17, 2009 - Departing from its usual spot in Las Vegas, the American Securitization Forum will be holding its annual 2010 conference in Washington, D.C.

Removal of Delinquent Assets Cause CREL CDO Delinquencies to Level Off

June 15, 2009 - Fitch Ratings has observed a larger number of asset managers removing credit impaired assets at prices below par, resulting in realized loss to CDO collateral.

S&P Lowers 432 Ratings On 239 U.S. Synthetic CDO Deals

June 1, 2009 - S&P lowered its ratings on 247 classes from 195 corporate-backed synthetic CDOs and 185 ratings from 44 CMBS-backed synthetic CDOs. Additionally, 238 ratings remain on CreditWatch negative.

Fitch Withdraws Cohen & Co's CDO Asset Manager Rating

June 1, 2009 - Fitch Ratings withdrew the 'CAM2' CDO asset manager rating assigned to Cohen & Co. Financial Management as a manager of TruPS CDOs.

Investors Cry Foul Over Moody's Rating Fee

May 22, 2009 - Leveraged loan investors are in an uproar over the fees they pay to obtain a credit estimate — a private rating on an individual loan — from Moody’s Investors Service.

Avenue Takes Lev Finance Unit off the Block

May 20, 2009 - Avenue Capital Group has decided not to sell its high yield bond and leveraged loan division due to the recent rally in the markets.

European CLOs Exposed to Undercollateralization EoD Triggers, Fitch Says

May 20, 2009 - Some European CLO deals may be susceptible to undercollateralization event of default triggers.

NewOak Hires Expert in CRE CDOs

May 18, 2009 - NewOak Capital hired Malay Bansal, the former head of CRE CDOs at Merrill Lynch, as a managing director in CMBS.

Banks Sue MBIA for Splitting its Business

May 14, 2009 - These institutions claimed that the firm's decision to split its businesses in early 2009 was fraudulent and left one of the units effectively insolvent.

CDOs No Help for PE Market's Liquidity Problems

May 14, 2009 - Capital from the “shadow banking” system, specifically from the CDO market, is unlikely to return in volume in the near future.

IOSCO Publishes Interim Recommendations on Unregulated Financial Markets

May 12, 2009 - The IOSCO's technical committee published a report prepared by its task force on unregulated financial markets and products.

AIG Takes $2B Charge on CDO Portfolio

May 11, 2009 - American International Group reported a $4.35 billion loss for the first quarter.