...- Canyon CLO 2019-2 Ltd. refinanced its class A, B, C, D, and E notes on Nov. 12, 2021, through an optional redemption and replacement note issuance. - After analyzing the changes to the transaction, we assigned our ratings to the replacement class A-R, B-R, C-R, D-R, and E-R notes and withdrew our ratings on the original class A, B, C, D, and E notes following payment in full. - The ratings reflect our view of the credit support available to the refinanced notes after examining the new capital structure and payment mechanics. CENTENNIAL (S&P Global Ratings) Nov. 12, 2021--S&P Global Ratings today assigned its ratings to the class A-R, B-R, C-R, D-R, and E-R replacement notes from Canyon CLO 2019-2 Ltd./Canyon CLO 2019-2 LLC, a CLO originally issued in September 2019 that is managed by Canyon CLO Advisors LLC. At the same time, we withdrew our ratings on the original class A, B, C, D, and E notes following payment in full on the Nov. 12, 2021, refinancing date. (See ratings list.) The replacement...
