...- We raised our ratings on the class A-2 and B debt from Chenango Park CLO Ltd. - We also affirmed our ratings on the class A-1a, C, D, and E debt from the same transaction. - The upgrades reflect improved overcollateralization ratios because of senior note paydowns since our December 2023 rating actions. - The affirmed ratings reflect our belief that the credit support available is commensurate with the current rating levels. CHICAGO (S&P Global Ratings) March 14, 2025--S&P Global Ratings today raised its ratings on the class A-2 and B debt from Chenango Park CLO Ltd. At the same time, we affirmed our ratings on the class A-1a, C, D, and E debt from the same transaction. (See list.) The rating actions follow our review of the transaction's performance using data from the Jan. 3, 2025, trustee report. The transaction has paid down the class A-1a debt by $202.07 million since our December 2023 rating actions. These paydowns resulted in improved reported overcollateralization (O/C) ratios...
