CLO market continues to exceed previous issuance records

With 2021 year-end approaching, issuance in the U.S Collateralized Loan Obligation (CLO) market continues to exceed previous issuance records and our full-year forecast of $140bn. Through the end of November, we observed combined new issue ($177bn) and refi/reset ($235) volume to reach over $410bn for the US alone. The previous records were $128bn for new issue, and $167 for refi/reset, and $285bn combined.

S&P Global Ratings continues to remain fully committed to its role in serving the CLO market as it has been throughout this period of historically high activity. Transparency and communication with market participants remains vital in working with customers to assess ongoing pipeline priorities and we continue to take steps to manage the increase in demand. With this, we recognize that the ultimate demand for our ratings comes from investors, and their desire to have an S&P rating indicates their belief in the high-quality, rigor, and transparency of S&P’s ratings.

Volta Finance Limited (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.

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