CLOs Uncovered

Hosted by S&P Global Ratings

Business InvestingInterviews guests

Website RSS feed

Episodes

Latest episode

Dec 2025

Language

About the show

Introducing Our CLO Podcasts Leveraged Finance & CLOs Uncovered Podcast Everything you ever wanted to know about CLOs, Corporate Credits, Leveraged Finance and what they are. With the aim of providing market participants with further advanced analytical insight into Corporate Credits, CLOs and Leveraged Finance deals, S&P Global Ratings is holding regular podcast episodes every fortnight, based on key features we're seeing in corporate credits and sectors that CLOs are exposed to. The Upgrade The U.S. Leveraged Finance and Recovery team is producing a monthly podcast series entitled "The Upgrade." This series focuses on leveraged finance issuers that have upward rating potential, providing listeners with concise insights from the primary analyst along with relevant CLO market implications. In the time of Covid-19, other timely topics are also being discussed.

Listen to episodes

60 recent

December 16, 2025Episode 911 min

Trends in European Leveraged Finance and Private Credit

In this year-end episode, Hina and Sandeep wrap up developments across the European Leveraged Finance and CLO markets, joined by Marta Stojanova, Head of European Leveraged Finance. Together, they unpack the major themes shaping the market, including: Nearly $250 billion in issuance in 2025 Key trends in credit estimates Shifts in the average EBITDA size of issuers What these developments mean for mid-market CLOs going into 2026 Our aim is to provide market participants with further advanced analytical insight into corporate credits, CLOs and Leveraged Finance deals, with S&P Global Ratings' regular podcast, based on key features we're seeing in corporate credits and sectors that CLOs are exposed to.

November 27, 2025Episode 812 min

How France's Downgrade Impacts European CLOs

In this edition, Hina and Sandeep are joined by Frank Gill, our EMEA Sovereign Sector Lead, to explore how the sovereign downgrade of France has impacted the European CLO market. Our goal is to offer market participants advanced insights into Corporate Credits, CLOs, and Leveraged Finance deals through our regular podcast, focusing on key features observed in corporate credits and the sectors that CLOs are exposed to. Related article: France Ratings Lowered To 'A+/A-1' From 'AA-/A-1+' On Heightened Risks To Budgetary Consolidation; Outlook Stable

October 14, 2025Episode 715 min

Assessing Bespoke Transactions

In this special edition, hosts Hina and Sandeep engage in a thought-provoking discussion with Yann Marty and William Sweat about a novel transaction that highlights the increasingly blurred lines between fund finance and traditional securitization. This episode delves into complex and innovative transactions concerning sublines, for which we may not have established published criteria. Our Cross Practice Analytical Team takes a holistic approach to these bespoke transactions, identifying associated risks and developing an analytical framework for assessment. Our goal is to offer market participants advanced insights into Corporate Credits, CLOs, and Leveraged Finance deals through our regular podcast, focusing on key features observed in corporate credits and the sectors that CLOs are exposed to. Related article: Presale: Capital Street Master Trust (Series 2025-1)

July 22, 2025Episode 66 min

Colisee's Credit Profile & Performance Trends

In this episode, Hina and Sandeep are joined by Remi Bringuier to take a closer look at Colisee's credit profile. We break down the most recent performance data, walk through our rationale for CCC rating category, and spotlight the key credit factors and trends we're monitoring closely. Our aim is to provide market participants with further advanced analytical insight into corporate credits, CLOs and Leveraged Finance deals, with S&P Global Ratings' regular podcast, based on key features we're seeing in corporate credits and sectors that CLOs are exposed to. Related article: Colisee Group S.A.S. Downgraded To 'SD', Term Loan B To 'D' On Deferred Cash Interest Payment

July 17, 2025Episode 59 min

Examining Babilou's Credit Profile

Hina and Sandeep are joined by Alphee Roumens to provide a granular view of Babilou's credit Profile; the latest performance trends, discuss our rationale behind the CCC rating category, and highlight key areas we're monitoring closely. Our goal is to equip market participants with deeper, forward-looking insight into multi-asset class -Corporate Credits, CLOs, Leveraged Finance Deals through our regular podcast series. Each episode explores key credit features, sector-specific risks, and evolving trends we're seeing across the deals we cover. Related Article: Babilou Family SAS Downgraded To 'CCC+' On Operating Performance Deterioration And Strained Liquidity; Outlook Stable

May 27, 2025Episode 314 min

The Future of Securitization in Saudi Arabia

In this episode Sandeep and Hina explore the future of securitization in Saudi Arabia, sharing key takeaways from a recent S&P Global Ratings roundtable in Riyadh with Mohamed Damak and Matthew Mitchell. Our aim is to provide market participants with further advanced analytical insight into corporate credits, CLOs and Leveraged Finance deals, with S&P Global Ratings' regular podcast, based on key features we're seeing in corporate credits and sectors that CLOs are exposed to.

May 20, 2025Episode 39 min

Merlin's Credit Story

Hina and Sandeep are joined by Raquel Delgado Galicia to discuss Merlin's recent performance, our expectations for 2025, and the areas we are closely monitoring. Our aim is to provide market participants with further advanced analytical insight into corporate credits, CLOs and Leveraged Finance deals, with S&P Global Ratings' regular podcast, based on key features we're seeing in corporate credits and sectors that CLOs are exposed to. Related Research: Merlin Entertainments' Proposed $500 Million Senior Secured Notes Assigned 'B+' Issue Rating And '2' Recovery Rating Merlin Entertainments' Proposed $410 Million Senior Secured Notes Rated 'B' With '2' Recovery Rating

April 23, 2025Episode 29 min

Why does Athena's recovery rating matter?

Hina and Sandeep are joined by Solene Van Eetvelde to discuss Athena's rating drivers, our current expectations for the company's performance, and the areas we are closely monitoring, including U.S. tariffs. Our aim is to provide market participants with further advanced analytical insight into corporate credits, CLOs and Leveraged Finance deals, with S&P Global Ratings' regular podcast, based on key features we're seeing in corporate credits and sectors that CLOs are exposed to. Click here to view the related article.

March 21, 2025Episode 111 min

Infragroup

Leveraged Finance & CLOs Uncovered Podcast: The story behind Infragroup's positive outlook. Hina and Sandeep are joined by Christopher Ewert to discuss Infragroup's strong operating performance, our current outlook for the company, and the areas we are closely monitoring. Our aim is to provide market participants with further advanced analytical insight into corporate credits, CLOs and Leveraged Finance deals, with S&P Global Ratings regular podcast, based on key features we're seeing in corporate credits and sectors that CLOs are exposed to. Click here to view the related article.

November 7, 2024Episode 78 min

Story Behind Cerba-Chrome Holdco SAS

Hina and Sandeep discuss Cerba with Remi Bringuier, discussing our current expectations for the company's performance and the areas we are closely monitoring. Our aim is to provide market participants with further advanced analytical insight into Corporate Credits, CLOs and Leveraged Finance deals, with S&P Global Ratings regular podcast, based on key features we're seeing in corporate credits and sectors that CLOs are exposed to.