OVERVIEW CFIP CLO 2017-1 Ltd.'s issuance is a CLO transaction backed primarily by broadly syndicated speculative-grade senior-secured term loans that are governed by collateral quality tests. We assigned our ratings to the class X, A, B, C, D, and E notes. The 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) Dec. 1, 2017--S&P Global Ratings today assigned its ratings to CFIP CLO 2017-1 Ltd.'s $439.850 million floating-rate notes (see list). The note issuance is a collateralized loan obligation transaction backed primarily by broadly syndicated speculative-grade senior-secured term loans that are governed by collateral quality tests. The ratings reflect: The diversified collateral pool, which consists primarily
