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BDC fair value assessed

Category: ABS CLOs CMBS


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BDC fair value assessed
On the back of tightening BDC spreads and growing investor interest, JPMorgan CLO research analysts have published a report aiming to assess fair value in the sector. In addition, they compare BDCs to their closest relative – middle market CLOs.  

“Differentiating between BDCs is a challenge; thus, we used attachment points as a reference point to understand the risk behind the structures,” the JPMorgan analysts say.

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