Core Income Funding VIII LLC Debt Assigned Preliminary Ratings - S&P Global Ratings’ Credit Research

Core Income Funding VIII LLC Debt Assigned Preliminary Ratings

Core Income Funding VIII LLC Debt Assigned Preliminary Ratings - S&P Global Ratings’ Credit Research
Core Income Funding VIII LLC Debt Assigned Preliminary Ratings
Published Nov 26, 2024
4 pages (1687 words) — Published Nov 26, 2024
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

Core Income Funding VIII LLC's debt issuance is a CLO securitization governed by investment criteria and backed primarily by middle market speculative-grade senior secured term loans. We assigned our preliminary ratings to the class A-R, A-T, A-D1, and A-D2 debt. The preliminary ratings reflect our view of the collateral pool's diversification and the transaction's credit enhancement, pool characteristics, and legal structure, among other factors. MONTREAL (S&P Global Ratings) Nov. 26, 2024--S&P Global Ratings today assigned its preliminary ratings to Core Income Funding VIII LLC's floating-rate debt (see list). The debt issuance is a middle market CLO warehouse facility serviced by Blue Owl Credit Income Corp. The preliminary ratings are based on information as of Nov. 26, 2024. Subsequent information may

  
Brief Excerpt:

...- Core Income Funding VIII LLC's debt issuance is a CLO securitization governed by investment criteria and backed primarily by middle market speculative-grade senior secured term loans. - We assigned our preliminary ratings to the class A-R, A-T, A-D1, and A-D2 debt. - The preliminary ratings reflect our view of the collateral pool's diversification and the transaction's credit enhancement, pool characteristics, and legal structure, among other factors. MONTREAL (S&P Global Ratings) Nov. 26, 2024--S&P Global Ratings today assigned its preliminary ratings to Core Income Funding VIII LLC's floating-rate debt (see list). The debt issuance is a middle market CLO warehouse facility serviced by Blue Owl Credit Income Corp. The preliminary ratings are based on information as of Nov. 26, 2024. Subsequent information may result in the assignment of final ratings that differ from the preliminary ratings. The preliminary ratings reflect our view of: - The diversification of the collateral pool, which...

  
Report Type:

Ratings Action

Issuer
Core Income Funding VIII LLC
Sector
Structured Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Core Income Funding VIII LLC Debt Assigned Preliminary Ratings" Nov 26, 2024. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Core-Income-Funding-VIII-LLC-Debt-Assigned-Preliminary-Ratings-3292038>
  
APA:
S&P Global Ratings’ Credit Research. (). Core Income Funding VIII LLC Debt Assigned Preliminary Ratings Nov 26, 2024. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Core-Income-Funding-VIII-LLC-Debt-Assigned-Preliminary-Ratings-3292038>
  
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