ESG Factors in Global CLOs, Part One – Environmental Factors

This is the first in a series of commentaries that will discuss the environmental, social, and governance (ESG) factors that could affect DBRS Morningstar structured credit (SC) credit ratings relating to notes of collateralized loan obligation (CLO) transactions. In this commentary, DBRS Morningstar will discuss environmental factors that it considers in its ratings analysis. Subsequent commentaries will cover social and governance factors.