What To Expect From CLOs In 2012

Law360, New York (April 18, 2012, 1:53 PM EDT) -- After years of being lumped together with collateralized debt obligation transactions collateralized by subprime residential mortgage-backed securities and other poorly performing asset-backed securities, the collateralized loan obligation market appears to have differentiated itself and rebounded strongly.

In 2011, 28 new CLO transactions totaling $12.5 billion closed, more than three times the total in 2010. Thousands of vintage CLO classes previously downgraded were upgraded by the rating agencies in 2011.

In the first quarter of 2012, the market saw new CLOs totaling over $5 billion by American...
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