Fitch Publishes Fifth Edition of CLO Asset Manager Handbook

Link to Fitch Ratings' Report: CLO Asset Manager Handbook
https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=881403

Fitch Ratings has published the fifth edition of its CLO Asset Manager Handbook, which contains profile reports for 69 U.S. and European CLO managers. All data and information is presented in a standardized format as of year-end 2015 (YE15).

New in this current edition, Fitch presents U.S. managers' self-described risk retention strategies. Additionally, the customary CLOs Under Management tables now also display CLOs' anticipated compliance with U.S. risk retention along with Volcker and CRR compliance status. Through a combination of key manager facts and attributes -- including corporate structure, key personnel, assets under management and CLOs under management -- Fitch's profile reports provide investors with a consistent framework for evaluating and benchmarking managers against each other.

In the case of 61 managers, Fitch conducted operational risk assessments and reviewed the managers' investment processes. The profile reports for those managers include The Fitch View, which represents Fitch's summary assessment of the managers' qualifications, strengths, potential areas of concern and any mitigating factors.

The CLO Asset Manager Handbook is available at 'www.fitchratings.com' or by clicking on the above link. All information is presented as of YE15. The next edition of the Handbook will be published in the first half of 2017, based on data as of YE16.

Additional information is available at 'www.fitchratings.com'.

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