AIMCO CLO 11 Ltd./AIMCO CLO 11 LLC Notes Assigned Preliminary Ratings - S&P Global Ratings’ Credit Research

AIMCO CLO 11 Ltd./AIMCO CLO 11 LLC Notes Assigned Preliminary Ratings

AIMCO CLO 11 Ltd./AIMCO CLO 11 LLC Notes Assigned Preliminary Ratings - S&P Global Ratings’ Credit Research
AIMCO CLO 11 Ltd./AIMCO CLO 11 LLC Notes Assigned Preliminary Ratings
Published Sep 15, 2020
4 pages (1661 words) — Published Sep 15, 2020
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Abstract:

OVERVIEW AIMCO CLO 11 Ltd./AIMCO CLO 11 LLC's issuance is a CLO transaction backed primarily by broadly syndicated speculative-grade senior secured term loans governed by collateral quality tests. We assigned our preliminary ratings to the class A, B, C, D, and E notes. The preliminary ratings reflect our view of the transaction's collateral pool, credit enhancement, and legal structure, among other factors. NEW YORK (S&P Global Ratings) Sept. 15, 2020--S&P Global Ratings today assigned its preliminary ratings to AIMCO CLO 11 Ltd./AIMCO CLO 11 LLC's floating-rate notes (see list). The note issuance is a CLO transaction backed primarily by broadly syndicated speculative-grade (rated 'BB+' and lower) senior secured term loans that are governed by collateral quality tests. The preliminary ratings

  
Brief Excerpt:

...OVERVIEW + AIMCO CLO 11 Ltd./AIMCO CLO 11 LLC's issuance is a CLO transaction backed primarily by broadly syndicated speculative-grade senior secured term loans governed by collateral quality tests. + We assigned our preliminary ratings to the class A, B, C, D, and E notes. + The preliminary ratings reflect our view of the transaction's collateral pool, credit enhancement, and legal structure, among other factors. NEW YORK (S&P Global Ratings) Sept. 15, 2020--S&P Global Ratings today assigned its preliminary ratings to AIMCO CLO 11 Ltd./AIMCO CLO 11 LLC's floating-rate notes (see list). The note issuance is a CLO transaction backed primarily by broadly syndicated speculative-grade (rated '##+' and lower) senior secured term loans that are governed by collateral quality tests. The preliminary ratings are based on information as of Sept. 15, 2020. Subsequent information may result in the assignment of final ratings that differ from the preliminary ratings. The preliminary ratings reflect:...

  
Report Type:

Ratings Action

Issuer
AIMCO CLO 11, Ltd.
Sector
Structured Finance
Country
Cayman Islands
Region
Latin America
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "AIMCO CLO 11 Ltd./AIMCO CLO 11 LLC Notes Assigned Preliminary Ratings" Sep 15, 2020. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/AIMCO-CLO-11-Ltd-AIMCO-CLO-11-LLC-Notes-Assigned-Preliminary-Ratings-2514077>
  
APA:
S&P Global Ratings’ Credit Research. (). AIMCO CLO 11 Ltd./AIMCO CLO 11 LLC Notes Assigned Preliminary Ratings Sep 15, 2020. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/AIMCO-CLO-11-Ltd-AIMCO-CLO-11-LLC-Notes-Assigned-Preliminary-Ratings-2514077>
  
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