BofA Securities expects the CCC share of leveraged loans in collateralized loan obligation portfolios to increase by 0.5% to 0.7% in August as a result of a pick up in downgrades.
- In July, the pace of CCC downgrades in CLOs went up, reversing an 18-month trend of a stable or declining CCC concentration, wrote BofA analysts led by Pratik Gupta in their weekly note
- Debt issuers including Avaya, Bausch Health Cos. and Weber-Stephen Products LLC were downgraded by S&P Global Ratings
Volta Finance Ltd (LON:VTA) is a closed-ended limited liability company registered in Guernsey. Volta’s investment objectives are to seek to preserve capital across the credit cycle and to provide a stable stream of income to its Shareholders through dividends that it expects to distribute on a quarterly basis.