On Wednesday, July 22 at 2 PM ET this webinar was held to discuss the latest trends for the US CLO & Leveraged Loan sector. The webinar was 90 minutes with two panels. Agenda details can be found below. 

Agenda: 

Panel I: Downgrades are slowing and the default cycle is likely to pick up
  • Most leveraged loans vulnerable to distress are owned by private equity
  • Flexibility in loan agreements provide opportunity for shareholder-oriented solutions
  • Recoveries for those loans in distress are likely to be lower than historically and will often be executed as distressed exchanges
Speakers: 
  • Chris Padgett, Associate Managing Director, Corporate Finance, Moody's Investors Service (Moderator)
  • Enam Hoque, Vice President-Senior Covenant Officer, Corporate Finance, Moody's Investors Service 
  • David Keisman, Senior Vice President, Corporate Finance, Moody's Investors Service
  • John Puchalla, Associate Managing Director, Corporate Finance, Moody's Investors Service
Panel II: US CLOs – How have recent credit trends and manager strategies affected CLO credit quality and ratings?

  • Updates on CLO credit quality, manager trading strategies post-outbreak and our macro view of the US economy
  • Resolution of watchlist actions - update on recent rating actions and reviews including key drivers
  • Leading trends in the new issue CLO market 
Speakers:
  • Dev Chatterjee, Managing Director – Structured Finance, Moody's Investors Service (Moderator)
  • Aniket Deshpande, Vice President -Senior Credit Officer/Manager, Structured Finance, Moody's Investors Service
  • Leon Mogunov, Associate Managing Director, Structured Finance, Moody's Investors Service
  • Al Remeza, Associate Managing Director, Structured Finance, Moody's Investors Service

Following the commencement of TRIM in 2016, there are has been a multi phased approach to the ECB’s TRIM exercise. As we are gearing up for a year of further TRIM exercises and transitioning to review of wholesale and low default portfolios, Moody’s would like to host this webinar to provide:

  1. Further insight to the challenges in the market thus far
  2. The common themes across Europe
  3. Remediation and best practice approaches

Following the commencement of TRIM in 2016, there are has been a multi phased approach to the ECB’s TRIM exercise. As we are gearing up for a year of further TRIM exercises and transitioning to review of wholesale and low default portfolios, Moody’s would like to host this webinar to provide:

  1. Further insight to the challenges in the market thus far
  2. The common themes across Europe
  3. Remediation and best practice approaches

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