BlueMountain CLO 2018-2 Ltd. $470.80 Million Notes Assigned Preliminary Ratings In Connection With Proposed Reissue

OVERVIEW BlueMountain CLO 2018-2 Ltd./BlueMountain CLO 2018-2 LLC's issuance is a CLO transaction backed primarily by broadly syndicated senior secured term loans. We assigned our preliminary ratings to the class X, A, B, C, D, E, and F notes. The preliminary ratings reflect our view of the transaction's diversified collateral pool, credit enhancement and legal structure, among other factors. NEW YORK (S&P Global Ratings) Aug. 15, 2018--S&P Global Ratings today assigned its preliminary ratings to BlueMountain CLO 2018-2 Ltd./BlueMountain CLO 2018-2 LLC's $470.80 million floating-rate notes (see list). This is a proposed reissue of BlueMountain CLO 2014-4 Ltd.--which was refinanced in November 2016--with the assets being transferred in the form of participations. The note issuance is a collateralized loan obligation

...OVERVIEW + BlueMountain CLO 2018-2 Ltd./BlueMountain CLO 2018-2 LLC's issuance is a CLO transaction backed primarily by broadly syndicated senior secured term loans. + We assigned our preliminary ratings to the class X, A, B, C, D, E, and F notes. + The preliminary ratings reflect our view of the transaction's diversified collateral pool, credit enhancement and legal structure, among other factors. NEW YORK (S&P Global Ratings) Aug. 15, 2018--S&P Global Ratings today assigned its preliminary ratings to BlueMountain CLO 2018-2 Ltd./BlueMountain CLO 2018-2 LLC's $470.80 million floating-rate notes (see list). This is a proposed reissue of BlueMountain CLO 2014-4 Ltd.--which was refinanced in November 2016--with the assets being transferred in the form of participations. The note issuance is a collateralized loan obligation transaction backed primarily by broadly syndicated senior secured term loans....

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