In May’s Capital Markets View Taron and Chris discuss the current market limbo, hesitancy to issue in both the primary loan and CLO markets, the direction of primary and secondary pricing, and when the market might make the first tentative steps to reopen fully. Please note that the activities of LCD are independent and separate from S&P Global Ratings. S&P Global Ratings maintains a separation of analytical and commercial activities. As was recently announced, LCD will soon be divested from S&P Global.