DBRS Morningstar: Are Upcoming Maturity Walls a Matter of Concern for Middle Market CLOs?

DBRS Morningstar expects that higher financing costs and reduced lender appetite will present refinancing challenges for corporate debt in the next two years as the Federal Reserve attempts to regain control over inflation. Based on our analysis of middle market corporate loan maturities in DBRS Morningstar-rated collateralized loan obligations and other financing facilities, near-term corporate refinancing risk is manageable. Over the long term, more significant refinancing risks exist and present greater challenges.