Wobbles in collateralised loan obligations pose problems for lenders

Lenders on both sides of the Atlantic have upwards of 100 open credit lines to vehicles known as collateralised loan obligations, 

 which are among the biggest sources of funds for businesses that do not have top-quality credit ratings,

 FT 31 March 2020
2007 it was a real estate bubble in the US and Club Med. This time it’s a global corporate debt bubble




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