Triple A Level

topic on 1 show · 1 statements across 1 episodes

Capital Allocators

1 statements about Triple A Level, every show

Majewski: CLO AAA tranches require 70% corporate defaults to impair
“They typically have 35% credit enhancement to the triple A level, and if you think about companies recovering 50 cents on the dollar, you'd need 70% of corporate America to default.”
Tom Majewski Dec 1, 2022 ▶ 23:37 Thomas Majewski – Empty Rooms: Masterclass on CLOs at Eagle Point Credit Management (Capital Allocators, EP. 284)

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