Libor Transition Vexes Collateralized Loan Obligations Market

The global $1 trillion market for collateralized loan obligations is lagging behind in the transition away from the London interbank offered rate.

While some companies, lenders and markets have moved swiftly to adopt a replacement for the scandal-marred , low-rated borrowers have been slower to adapt. That is causing headaches for managers of collateralized loan obligations—pools of low-rated corporate loans bundled together into securities.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

WSJ /  🏆 98. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Santoli’s Tuesday market notes: S&P 500 pushes the rally further, but the climb is looking a little tiredNew for subscribers: Santoli’s Tuesday market notes: S&P 500 pushes the rally further, but the climb is looking a little tired. Check out CNBCPro today.
Read more »