Outlook Connections

The future of fixed-income markets
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Moody’s Talks - Outlook Connections

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December 1, 2020

Lower-rated leveraged loans, junior CLO tranches to bear brunt of coronavirus impact

Inside this episode:

Christina Padgett and Sandra Veseli of the Corporates team, Al Remeza of the Structured Finance team, and Ana Arsov of the Financial Institutions team discuss the outlook for leveraged finance and collateralized loan obligations (CLOs) in the US and EMEA. Coronavirus-related defaults will likely peak in 2021, but banks’ exposure is limited. Lower-rated loans to coronavirus-exposed sectors will be worst affected, with a knock-on effect on the junior tranches of existing CLOs in 2021.

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