...- Columbia Cent CLO 30 Ltd.'s issuance is a CLO securitization backed primarily by broadly syndicated speculative-grade senior secured term loans that are governed by collateral quality tests. - We assigned our ratings to the class X, A-1, A-2, B, C, D, and E notes. - The ratings reflect our view of the transaction's credit enhancement and legal structure, among other factors. CENTENNIAL (S&P Global Ratings) Jan. 20, 2021--S&P Global Ratings today assigned its ratings to Columbia Cent CLO 30 Ltd./Columbia Cent CLO 30 Corp.'s floating-rate notes (see list). The note issuance is a CLO securitization backed by primarily broadly syndicated speculative-grade (rated '##+' and lower) senior secured term loans that are governed by collateral quality tests. The ratings reflect our view of: - The diversification of the collateral pool; - The credit enhancement provided through the subordination of cash flows, excess spread, and overcollateralization; - The experience of the collateral manager's team,...
