S&P: Ratings On 58 Tranches From 16 U. S. CLO Transactions Placed On CreditWatch Positive
The CreditWatch positive placements resulted from increased overcollateralization due to paydowns to the senior tranches of these CLO transactions. All of the transactions have exited their reinvestment periods.
The table below reflects the year of issuance for the 16 transactions whose ratings were placed on CreditWatch.
Year of issuance No. of deals2006 12007 92012 12013 22014 22015 1
We expect to resolve today's CreditWatch placements within 90 days after we complete a comprehensive cash flow analysis and committee review for each of the affected transactions. We will continue to monitor the CLO transactions we rate and take rating actions, including CreditWatch placements, as we deem appropriate.
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