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Press release content from Business Wire. The AP news staff was not involved in its creation. KBRA UK Releases Research – Loss Mitigation Obligations: CLO Workout and Flex April 28, 2021 GMT LONDON (BUSINESS WIRE) Apr 28, 2021 Kroll Bond Rating Agency UK Limited (KBRA) releases research on the widespread adoption of provisions relating to workout or loss mitigation obligations (LMOs) in the vast majority of newly issued and even refinanced U.S. and European broadly syndicated loan CLO (BSL CLO) offering documents, as market participants grapple with the prospect of further economic fallout from the COVID-19 pandemic. As CLO collateral managers continue to anticipate stress on corporate obligors within their portfolios, LMO provisions allow them the latitude necessary to participate in workouts or restructurings in order to preserve and/or enhance the recovery value of their positions. ....
(0) Kroll Bond Rating Agency UK Limited (KBRA) releases research on the widespread adoption of provisions relating to workout or loss mitigation obligations (LMOs) in the vast majority of newly issued-and even refinanced-U.S. and European broadly syndicated loan CLO (BSL CLO) offering documents, as market participants grapple with the prospect of further economic fallout from the COVID-19 pandemic. As CLO collateral managers continue to anticipate stress on corporate obligors within their portfolios, LMO provisions allow them the latitude necessary to participate in workouts or restructurings in order to preserve and/or enhance the recovery value of their positions. In this report, KBRA highlights some of the key issues around LMOs, including credit and management considerations. ....
Morrison & Foerster LLP Carrie Cohen is an expert in public corruption and state and local government who made a name for herself by prosecuting former Assembly Speaker Sheldon Silver. At Morrison & Foerster – or MoFo – she has assisted the New York City Council in investigations into the behavior of several members, the Metropolitan Transportation Authority in a review of overtime practices, and a Rochester City Council probe into the death of Daniel Prude. 54. David Patton Executive Director and Attorney-in-Chief, Federal Defenders of New York A federal defender for nearly 20 years, David Patton in 2011 became the executive director and attorney-in-chief of the Federal Defenders of New York, a group that provides representation to those in need. During the coronavirus pandemic, Patton has been representing prisoners who are at high risk of catching the disease, telling Slate that the response by “prosecutors and prison officials to COVID-19 has been hard to ....
Press release content from Business Wire. The AP news staff was not involved in its creation. KBRA Releases Research – Coronavirus (COVID-19): U.S. BSL CLO Sector Exposure Map: November 2020 December 18, 2020 GMT NEW YORK (BUSINESS WIRE) Dec 18, 2020 Kroll Bond Rating Agency (KBRA) releases a report which details U.S. broadly syndicated loan (BSL) collateralized loan obligation (CLO) exposure to sectors that have experienced negative credit migration as a result of the ongoing coronavirus (COVID-19) pandemic. In this report, we provide an update on U.S. CLO sector exposure and overall industry credit quality, based on reported data from March through November 2020 trustee reports for a representative sample of transactions. ....