...OVERVIEW + Columbia Cent CLO 28 Ltd./Columbia Cent CLO 28 LLC's note issuance is an CLO transaction backed primarily by broadly syndicated speculative-grade senior secured term loans. + We assigned our preliminary ratings to the class X, A-1, A-2, B, C, and D notes. + The preliminary ratings reflect our view of the transaction's credit enhancement, legal structure, and diversified collateral portfolio, among other factors. NEW YORK (S&P Global Ratings) Nov. 5, 2018--S&P Global Ratings today assigned its preliminary ratings to Columbia Cent CLO 28 Ltd./Columbia Cent CLO 28 LLC's floating-rate notes (see list). This is a proposed reissue of Cent CLO 22 Ltd., which originally closed in October 2014 and was refinanced in November 2016. The note issuance is a collateralized loan obligation (CLO) transaction backed primarily by broadly syndicated speculative-grade senior secured term loans. The preliminary ratings are based on information as of Nov. 5, 2018. Subsequent information may result...
