AIMCO CLO 11 Ltd. Notes Assigned Preliminary Ratings In Connection With Proposed Refinancing

We reviewed AIMCO CLO 11 Ltd., which, based on its proposed supplemental indenture, is expected to refinance its class A-1, A-2, B-1, B-2, C, D, and E notes on Nov. 8, 2021, through an optional redemption and replacement note issuance. After analyzing the changes to the transaction, we assigned our preliminary ratings to the replacement class A-R, B-R, C-R, D-R, and E-R notes. The original notes are expected to be fully redeemed with the proceeds from the replacement notes on the refinancing date. The preliminary ratings reflect our view of the credit support available to the refinanced notes after examining the new capital structure and payment mechanics. NEW YORK (S&P Global Ratings) Nov. 2, 2021--S&P Global Ratings today assigned its

...- We reviewed AIMCO CLO 11 Ltd., which, based on its proposed supplemental indenture, is expected to refinance its class A-1, A-2, B-1, B-2, C, D, and E notes on Nov. 8, 2021, through an optional redemption and replacement note issuance. - After analyzing the changes to the transaction, we assigned our preliminary ratings to the replacement class A-R, B-R, C-R, D-R, and E-R notes. The original notes are expected to be fully redeemed with the proceeds from the replacement notes on the refinancing date. - The preliminary ratings reflect our view of the credit support available to the refinanced notes after examining the new capital structure and payment mechanics. NEW YORK (S&P Global Ratings) Nov. 2, 2021--S&P Global Ratings today assigned its preliminary ratings to the class A-R, B-R, C-R, D-R, and E-R replacement notes from AIMCO CLO 11 Ltd./AIMCO CLO 11 LLC, a CLO originally issued in September 2020 that is managed by Allstate Investment Management Co. (See ratings list.) The preliminary...

Ratings Action