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Hungry CLOs swooped in on high yielding Delphi loan

The nature of CLO exposure to troubled U.S. auto parts supplier Delphi Corp. shows how much those deals are, and have been, thirsty for loans that will offer higher-than-average spreads, according to Standard & Poor's.

Delphi's Oct. 8 bankruptcy filing is largely not expected to immediately affect U.S. cashflow...

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