We reviewed 34 U.S. CLO transactions backed by broadly syndicated corporate loans and placed 46 ratings from the transactions on CreditWatch with negative implications. This is based on their recent decline in overcollateralization support and indicative cash flows, not on any ongoing tariff issues or economic uncertainty. Nearly all the ratings are in the junior part of the capital structure. Nineteen of the CLOs are in their reinvesting phase and 15 are amortizing. ENGLEWOOD (S&P Global Ratings) May 1, 2025--S&P Global Ratings today placed 46 ratings from 34 broadly syndicated CLO transactions on CreditWatch with negative implications (see ratings list). These CreditWatch placements are based on their recent performance and not on any ongoing tariff or economic uncertainty. We may
