Churchill PL SLF 2026-1 LLC’s loan issuance is a corporate loan facility that is backed primarily by middle market, speculative grade, senior secured loans and governed by collateral quality tests. We assigned our ratings to the A, B, C, D, E, and F loans. The ratings reflect our view of the transaction's collateral pool, credit enhancement, and legal structure, among other factors. TORONTO (S&P Global Ratings) Nov. 4, 2026--S&P Global Ratings today assigned its ratings to Churchill PL SLF 2026-1 LLC ’s floating-rate loans (see list). The loan issuance is a corporate loan facility that is backed primarily by middle-market, speculative-grade (rated'BB-'or lower), senior secured loans and governed by collateral quality tests. The transaction is issued through a
