AIMCO CLO 11 Ltd. Debt Assigned Ratings In Connection With Refinancing - S&P Global Ratings’ Credit Research

AIMCO CLO 11 Ltd. Debt Assigned Ratings In Connection With Refinancing

AIMCO CLO 11 Ltd. Debt Assigned Ratings In Connection With Refinancing - S&P Global Ratings’ Credit Research
AIMCO CLO 11 Ltd. Debt Assigned Ratings In Connection With Refinancing
Published Aug 20, 2024
5 pages (1981 words) — Published Aug 20, 2024
Price US$ 150.00  |  Buy this Report Now

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Abstract:

AIMCO CLO 11 Ltd. refinanced its class A-R, B-R, C-R, D-R, and E-R debt on Aug. 20, 2024, through an optional redemption and replacement debt issuance. After analyzing the changes to the transaction, we assigned our ratings to the replacement class A-1R2, A-2R2, B-R2, C-R2, D-1R2, D-2R2, and E-R2 debt and withdrew the ratings on the original debt following payment in full. The ratings reflect our view of the credit support available to the refinanced debt after examining the new capital structure and payment mechanics. TORONTO (S&P Global Ratings) Aug. 20, 2024--S&P Global Ratings today assigned its ratings to the class A-1R2, A-2R2, B-R2, C-R2, D-1R2, D-2R2, and E-R2 replacement debt from AIMCO CLO 11 Ltd./AIMCO CLO 11 LLC, a

  
Brief Excerpt:

...- AIMCO CLO 11 Ltd. refinanced its class A-R, B-R, C-R, D-R, and E-R debt on Aug. 20, 2024, through an optional redemption and replacement debt issuance. - After analyzing the changes to the transaction, we assigned our ratings to the replacement class A-1R2, A-2R2, B-R2, C-R2, D-1R2, D-2R2, and E-R2 debt and withdrew the ratings on the original debt following payment in full. - The ratings reflect our view of the credit support available to the refinanced debt after examining the new capital structure and payment mechanics. TORONTO (S&P Global Ratings) Aug. 20, 2024--S&P Global Ratings today assigned its ratings to the class A-1R2, A-2R2, B-R2, C-R2, D-1R2, D-2R2, and E-R2 replacement debt from AIMCO CLO 11 Ltd./AIMCO CLO 11 LLC, a CLO managed by Allstate Investment Management Co. that was originally issued in September 2020 and previously refinanced in November 2021. At the same time, we withdrew our ratings on the original class A-R, B-R, C-R, D-R, and E-R debt following payment in full...

  
Report Type:

Ratings Action

Issuer
Sector
Structured Finance
Country
Region
Latin America
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "AIMCO CLO 11 Ltd. Debt Assigned Ratings In Connection With Refinancing" Aug 20, 2024. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/AIMCO-CLO-11-Ltd-Debt-Assigned-Ratings-In-Connection-With-Refinancing-3233252>
  
APA:
S&P Global Ratings’ Credit Research. (). AIMCO CLO 11 Ltd. Debt Assigned Ratings In Connection With Refinancing Aug 20, 2024. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/AIMCO-CLO-11-Ltd-Debt-Assigned-Ratings-In-Connection-With-Refinancing-3233252>
  
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