Babson Capital is named Best Cash CDO Manager by Creditflux for the second time

London -- 11 September 2008 -- Babson Capital earned the 2008 Best Cash CDO Manager Award in Creditflux' second year of Manager Awards, after winning the title already in 2007. Creditflux, based in London, is a leading information source worldwide for the credit derivatives and structured credit markets, publishing a monthly newsletter, online daily news and a comprehensive database of CDOs.

The magazine uses comprehensive data analysis exclusively to determine its honourees, and the award is based purely on quantitative performance metrics. More than 300 CDOs were submitted for recognition this year. The magazine’s inaugural awards were issued in September 2007. "We are delighted to be named Best Cash CDO Manager for the second year in a row. It is a great honour and recognises the hard work by the many skilled individuals within Babson Capital," said Ian Hazelton, CEO of Babson Capital Europe Limited, which manages two of the three Babson Capital CLOs nominated for individual awards. "The recognition for our overall performance versus our peers speaks for the quality and consistency across our firm in both benign and challenging markets."

The Babson CLO 2007-I, managed by the U.S. Bank Loan Team in Charlotte, N.C., was nominated as Best Cash CLO – recent. The Duchess V CLO, nominated as Best European cash CLO – seasoned, and Duchess VI CLO, nominated as Best European cash CLO – recent, are both managed by Babson Capital Europe. For the overall Manager Awards, for which Babson Capital was named Best Cash CDO Manager, all deals that a firm had under management were compared with their peers.

About Babson Capital Europe Limited

Babson Capital Europe Limited was established in 2000 as a platform for establishing an extensive multi-fund debt management business. Babson Capital Europe is a key player in the leveraged buyout debt market, offering existing and potential investors diverse investment opportunities with a variety of risk profiles. The firm specialises in CLOs (collateralised loan obligations) backed by leveraged loans. The firm invests in senior loans, mezzanine loans and buyout-related high-yield bonds, predominantly in Europe. Babson Capital Europe currently has €7.4bn under management in eight CLOs, two mezzanine funds, one credit opportunities fund, five managed accounts and two warehouses (as at 31st August 2008).