US$480.5m of defaulted loan debt in the retail and
supermarkets sector held in active U.S. CLO collateral

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There was US$480.5m of defaulted loan debt from 14 different borrowers in the retail and supermarkets sector that was held in active US CLOs as of the end of January. However, only two issuers accounted for three fourths of the total: Ascena Retail Group Inc. and JC Penney Corp, with US$267.5m of defaulted loans held across 162 CLOs, and US$99.6m held across 56 CLOs, respectively.