Corporate

Cautious Cash Investors Eye Burgeoning Corporate Debt

Credit & Risk

2 min readRemember CDO’s, those collateralized debt obligations at the center of the massive mortgage meltdown in 2008? These days, you can expect to start hearing about CLO’s, collateralized loan obligations, that are at the tip of a rapidly growing iceberg of leveraged corporate debt. The recent growth of CLO’s is only one of many warning signs…

The End of an Era

The End of an Era

Credit & Risk

1 min readAbstract The GE announcement should be a positive credit event for creditors and bondholders. The divestiture is an event that has been seven years in the making and it will result in a significant reduction of commercial paper outstanding, especially for the direct issue CP market. Short-term corporate bond supply also will suffer. As higher…