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

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 ratings to the class A-1, A-2, B-1, B-2, C, D, and E notes. The ratings reflect our view of the transaction's collateral pool, credit enhancement, and legal structure, among other factors. NEW YORK (S&P Global Ratings) Oct. 13, 2020--S&P Global Ratings today assigned its ratings to AIMCO CLO 11 Ltd./AIMCO CLO 11 LLC's floating-rate notes (see list). Following the release of our preliminary ratings on Sept. 15, 2020, the issuer re-priced the transaction and issued additional rated classes of notes. Our final ratings reflect the upsized capital stack and

...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 ratings to the class A-1, A-2, B-1, B-2, C, D, and E notes. + The ratings reflect our view of the transaction's collateral pool, credit enhancement, and legal structure, among other factors. NEW YORK (S&P Global Ratings) Oct. 13, 2020--S&P Global Ratings today assigned its ratings to AIMCO CLO 11 Ltd./AIMCO CLO 11 LLC's floating-rate notes (see list). Following the release of our preliminary ratings on Sept. 15, 2020, the issuer re-priced the transaction and issued additional rated classes of notes. Our final ratings reflect the upsized capital stack and additional rated note issuance. 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....

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