Another leg on the stool of credit creation in the EU is getting knocked out as CLOs - vital to...

|By:, SA News Editor

Another leg on the stool of credit creation in the EU is getting knocked out as CLOs - vital to fund the private equity market - are winding down without getting refunded. "There's going to be a big fat tail of problems for a lot of people," says a banker as about €250B of leveraged loans due to mature by 2017 need to be refinanced.