Statement of intent?

Statement of intent?


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Rating agencies get tough on leveraged loans and CLOs

S&P's proposal for improving the transparency of the European leveraged finance market appears to have caused outrage in the private equity industry. While other investors are more positive on the specific proposals, there are concerns over a wider effort by the agencies to tighten CLO portfolio criteria.

"S&P's proposal is prejudicial to the institutional loan community and drives a coach and horses through the private information issue," says one private equity official.

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