CLO outlook updated

Category: ABS CDO CLOs

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Sector developments and company hires

CLO outlook updated
Fitch says it expects to change a significant portion of its CLO outlooks to stable from negative, following the revision of its CLO coronavirus stress scenario to assume half of the corporate exposure on negative outlook is downgraded by one notch instead of 100%. Approximately one-third of corporate issuers with loans in CLOs currently have a negative rating outlook.

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