1. European CLO Refinancing Freeze: Middle East Conflict Drives Up Funding Costs, Squeezing Risky Borrowers
A sudden spike in funding costs, driven by the war in the Middle East, has forced European collateralized loan obligation (CLO) managers to shelve critical refinancing plans. This abrupt freeze in a key credit market directly threatens the ability of the region's riskiest corporate borrowers to roll over their debt, cr...