Understanding Collateralized Loan Obligations

New York (06 February 2020)

Valuation Research Group (VRG), a leading global provider of independent valuation, advisory and value-related services is pleased to announce that our U.S.-based member firm, VRC, has just released a new article, “Understanding Collateralized Loan Obligations.”

CLOs are complex structures requiring the application of a best-in-class valuation analysis, particularly in the weeks before year-end audits. Following the subprime mortgage crisis and resulting Great Recession, CLO issuance was virtually non-existent during 2008 and 2009. However, a combination of rising interest rates and below-trend default rates in 2010 resulted in exponential growth for the CLO market. The CLO issuance market remains robust and healthy, heading into early 2020.