Middle-market CLOs, BDCs and closed-end funds present different credit risks
Moody's Talks - Focus on Finance - A podcast by Moody's Investors Service, Ana Arsov, Danielle Reed, Mark Wasden, Bruno Baretta, Donald Robertson - Wednesdays

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Moody’s analysts David Burger, Mark Wasden and Neal Epstein explain how differences in structure and asset risk give rise to divergent credit profiles among the three investment vehicles.