S&P Global Ratings took a deep dive in 235 "S&P-rated" and 240 "non-S&P-rated" reinvesting 2014-2017 vintage U.S. BSL collateralized loan obligations (CLOs). In this CreditMatters TV segment, Associate Director Daniel Hu discusses the results of the study that revealed that the 'AAA'-rated portfolios’ expected recovery rates were, on average, 2% higher than non-S&P-rated ones, among other findings.