...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 ratings to the class A-1a, A-2, 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) May 15, 2018--S&P Global Ratings today assigned its ratings to Chenango Park CLO Ltd./Chenango Park CLO LLC's $449.50 million floating-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 ratings reflect: + The diversified collateral pool, which consists primarily of broadly syndicated speculative-grade senior secured term loans that are governed by collateral quality...
