Bloomberg - Jun 09, 2009Highland Capital Management, LP
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Jian Hu
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Moody''sStill, the analysts added, "we have been skeptical about massive selling pressures as we feel many banks would be loath to crystallize losses." Marty McDonough , a spokesman for Babson, a unit of Springfield, Massachusetts based MassMutual Financial Group, Bill Hensel , a spokesman for Atlanta based Invesco, Wes Higgins , chief operating officer in New York at DiMaio Ahmad, and Mark Okada ,
Highland co founder, all declined to comment.
Moody's CLO review, in which it's reassessing the grades of about 700 of the loan funds, will likely be completed next quarter, according to Jian Hu , an analyst at the firm. Affected Issues "The majority of the senior most AAAs aren't going to be affected, but there are going to be some that are affected," he said in a telephone interview today, reiterating the firm's previous guidance. The review is taking into account the evolving credit quality of leveraged loans, as well as its new CLO criteria, Hu added.
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Still, the analysts added, "we have been skeptical about massive selling pressures as we feel many banks would be loath to crystallize losses." Marty McDonough , a spokesman for Babson, a unit of Springfield, Massachusetts based MassMutual Financial Group, Bill Hensel , a spokesman for Atlanta based Invesco, Wes Higgins , chief operating officer in New York at DiMaio Ahmad, and Mark Okada , <span class="company">Highland</span> co founder, all declined to comment. <span class="sent"> Moody's CLO review, in which it's reassessing the grades of about 700 of the loan funds, will likely be completed next quarter, according to <span class="analyst">Jian Hu</span> , an analyst at the firm. </span> Affected Issues "The majority of the senior most AAAs aren't going to be affected, but there are going to be some that are affected," he said in a telephone interview today, reiterating the firm's previous guidance. The review is taking into account the evolving credit quality of leveraged loans, as well as its new CLO criteria, Hu added.
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