...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 ratings to the class X, A, B, C, D, E, and F notes. + The ratings reflect our view of the transaction's diversified collateral pool, credit enhancement, and legal structure, among other factors. CENTENNIAL (S&P Global Ratings) Aug. 30, 2018--S&P Global Ratings today assigned its ratings to BlueMountain CLO 2018-2 Ltd./BlueMountain CLO 2018-2 LLC's floating-rate notes. This is a reissue of BlueMountain CLO 2014-4 Ltd.--w hich was refinanced in November 2016--with the assets being transferred in the form of participations. Therefore, we are also withdrawing our ratings on the class A-1-R, A-2-R, B-1-R, B-2-R, C-R, D, E, and F notes from BlueMountain CLO 2014-4 Ltd. (see list). The note issuance is a collateralized loan obligation transaction backed primarily by broadly syndicated senior secured term loans. The...
