BlackRock Joins PNC in Seeing Value in CLOs as Issuance Soars
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BlackRock Inc. and PNC Financial Services Group Inc. view collateralized loan obligations as offering some of the best value in the credit markets after securitized debt rallied last year.
“You can be pretty bullish across the entire capital structure,” Leland Hart, a managing director at BlackRock, the world’s largest asset manager, said today during a panel discussion at the American Securitization Forum’s annual conference in Las Vegas.