Modern Alchemy: This Is How Wall Street Converts A Portfolio Of 96% Junk Loans Into 87% Investment Grade Bonds

May 11th 2020 9:05pm EDT

Modern Alchemy: This Is How Wall Street Converts A Portfolio Of 96% Junk Loans Into 87% Investment Grade Bonds There is a reason why so much attention has fallen on Collateralized Loan Obligations since the March market crash, and it has more to do than merely why an AAA-rated CLO recently breached its overcollateralization test, […]

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