Chenango Park CLO Ltd./Chenango Park CLO LLC $449.50 Million Notes Assigned Preliminary Ratings

OVERVIEW Chenango Park CLO Ltd./Chenango Park CLO LLC's issuance is a CLO transaction backed by primarily broadly syndicated speculative-grade senior secured term loans that are governed by collateral quality tests. We assigned our preliminary ratings to the class A-1a, A-2, B, C, D, and E 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) April 5, 2018--S&P Global Ratings today assigned its preliminary rating to Chenango Park CLO Ltd./Chenango Park CLO LLC's $449.50 million floating- and fixed-rate notes (see list). The note issuance is a collateralized loan obligation transaction backed by primarily broadly syndicated speculative-grade senior secured term loans that are governed by

...OVERVIEW + Chenango Park CLO Ltd./Chenango Park CLO LLC's issuance is a CLO transaction backed by primarily broadly syndicated speculative-grade senior secured term loans that are governed by collateral quality tests. + We assigned our preliminary ratings to the class A-1a, A-2, B, C, D, and E 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) April 5, 2018--S&P Global Ratings today assigned its preliminary rating to Chenango Park CLO Ltd./Chenango Park CLO LLC's $449.50 million floating- and fixed-rate notes (see list). The note issuance is a collateralized loan obligation transaction backed by primarily broadly syndicated speculative-grade senior secured term loans that are governed by collateral quality tests. The preliminary ratings are based on information as of April 5, 2018. Subsequent information may result in the assignment of final ratings...

Ratings Action