Another good explainer on why CLOs are not like CDOs: https://www.economist.com/briefing/2019/03/16/should-the-world-worry-about-americas-corporate-debt-mountai

Another good explainer on why CLOs are not like CDOs: https://www.economist.com/briefing/2019/03/16/should-the-world-worry-about-americas-corporate-debt-mountain https://www.economist.com/briefing/2019/03/16/should-the-wor... Roughly speaking, corporate loans are way more transparent and there are fewer of them in a pool, so it's easier to assess the risk.