$40B in Software Loans Below 80 - Who Survives AI? — Fixed + Floating - The Credit Podcast

Cloud 9fin — LME Doomscrolling with Laurie — Data-driven reality check

9fin | We’re kicking off a new podcast series, LME Doomscrolling with Laurie, where 9fin’s senior LME lawyer unpacks the impact, risks and incentives of the evolving landscape of liability management exercises.

Cloud 9fin — Decoding the software lending shock in private credit with MSCI

9fin | The recent sell-off in software has sparked a broader reassessment of risk across private credit. But are managers pulling back from risk, or just recalibrating how they price it?

Electronic Arts — Ratings event ambiguity and the Fitch substitution question

9fin | Electronic Arts finds itself at the center of one of the most closely watched bondholder disputes in recent LBO history.

CLOs are well-positioned to deal with AI-induced volatility — a portfolio deep dive

9fin | The AI-risk/software sell-off in the leveraged loan market has garnered a lot of attention and headlines for the US CLO market, as depressed loan prices have led to declining MVOCs (market value overcollateralization tests), and an ample number of US CLO double-B tranches left uncovered.

ABS industry weighs tech fixes for fraud, but consensus is elusive

AI fears drive investors into HALO trade — but it’s no safe haven

9fin | HALO credits — issued by companies with heavy assets and low obsolescence — have become a go-to destination for investors rotating out of software and services, as fears around AI disruption push capital toward asset-heavy businesses.