Libor Transition Vexes CLO Market

While some parties have moved swiftly to adopt a replacement for the interest-rate benchmark, low-rated borrowers and collateralized loan obligations have been slower to adapt.

Libor Transition Vexes CLO Market
While some parties have moved swiftly to adopt a replacement for the interest-rate benchmark, low-rated borrowers and collateralized loan obligations have been slower to adapt.