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0.00104048429814604 0.000567536889897865 0.00227014755959146 0.00345251608021197 0.00170261066969359 -0.00056753688989773 -0.00813469542186908 -0.0079455164585697
Stock impact report

KIO: High Beta Fixed Income CEF With Significant Downside (Rating Downgrade) [Seeking Alpha]

KKR & Co. Inc. (KKR) 
Last kkr & co. inc. earnings: 1/31 06:50 am Check Earnings Report
US:NYSE Investor Relations: ir.kkr.com
Company Research Source: Seeking Alpha
KIO's portfolio is now 50% single-B, 20% CCC, with a 50/50 split between leveraged loans and high yield bonds, and 10% in CLOs. With credit spreads near historic lows and economic uncertainty from oil price spikes, KIO faces significant drawdown risk if spreads widen. Distribution is mostly supported with low ROC utilization, but the fund's risk profile favors lower volatility alternatives like JNK for high yield exposure. Torsten Asmus/iStock via Getty Images Thesis We have not covered the KKR Income Opportunities (NYSE: KIO ) for more than a year now. In our last article we described how the high yield CEF was going through a KIO remains highly risk-on, with 50% single-B and 20% CCC exposure, making it prone to deep drawdowns during market stress despite a modest improvement in credit quality. With single-B spreads at 3.07%, near historic lows, and macro uncertainty from oil prices, KIO has more downside than upside, with potential drawdowns of -20% or worse in a mild Show less Read more
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