Fitch: Senior U.S. CLO Notes Still Insulated From Downgrades

(The following statement was released by the rating agency)

Link to Fitch Ratings' Report: U.S. CLO Index: Par and OC

Cushions Continue to

Decline in U.S. CLOs

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=880263

CHICAGO, April 20 (Fitch) Fewer U.S. CLOs are escaping the

rising number of

defaulted issuers, though Fitch rated 'AAA' tranches should

remain shielded from

potential downgrades, according to Fitch Ratings in its latest

U.S. CLO index.

Approximately 70% of 2

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