1 rich Libsyn https://www.libsyn.com 90 600 On average, during the previous three recessions (2001, 2009, and 2020), about a quarter of 'B-' rated companies were downgraded to 'CCC', 'CC', or 'C' within the recession year, an indication of the vulnerability of the increasingly crowded 'B-' space. In this episode of The Upgrade podcast Hanna Zhang, Dan Hu, and Minesh Patel discuss key highlights from our recently published articles, &quot;U.S. Leveraged Finance Q3 Update: 'CCC' Buckets Pick Up In CLOs As Cash Flow Generation Falls” and &quot;U.S. BSL CLO And Leveraged Finance Quarterly: Is Winter Coming?&quot; CLOs Uncovered https://www.spglobal.com/ratings/en/research-insights/podcasts/clos-uncovered <iframe title="Libsyn Player" style="border: none" src="//html5-player.libsyn.com/embed/episode/id/25130259/height/90/theme/custom/thumbnail/yes/direction/forward/render-playlist/no/custom-color/88AA3C/" height="90" width="600" scrolling="no" allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen></iframe> https://assets.libsyn.com/secure/item/25130259