...- Allegro CLO XIX Ltd./Allegro CLO XIX LLC's debt issuance is a CLO securitization governed by investment criteria and backed primarily by broadly syndicated speculative-grade senior secured term loans. - We assigned our preliminary ratings to the class A, B, C, D-1, D-2, and E debt. - The preliminary ratings reflect our view of the transaction's credit enhancement, pool characteristics, and legal structure, among other factors. NEW YORK (S&P Global Ratings) April 9, 2025--S&P Global Ratings today assigned its preliminary ratings to Allegro CLO XIX Ltd./Allegro CLO XIX LLC's floating-rate debt (see list). The debt issuance is a CLO securitization governed by investment criteria and backed primarily by broadly syndicated speculative-grade (rated '##+' or lower) senior-secured term loans. The transaction is managed by AXA Investment Managers US Inc., a subsidiary of AXA Group. The preliminary ratings are based on information as of April 9, 2025. Subsequent information may result in the assignment...
