Dunedin Park CLO DAC European Cash Flow CLO Reset Notes Assigned Ratings - S&P Global Ratings’ Credit Research

Dunedin Park CLO DAC European Cash Flow CLO Reset Notes Assigned Ratings

Dunedin Park CLO DAC European Cash Flow CLO Reset Notes Assigned Ratings - S&P Global Ratings’ Credit Research
Dunedin Park CLO DAC European Cash Flow CLO Reset Notes Assigned Ratings
Published Nov 15, 2021
6 pages (2954 words) — Published Nov 15, 2021
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

We have assigned ratings to Dunedin Park CLO DAC's reset notes. The transaction is a reset of the already existing transaction. The existing classes of notes were fully redeemed with the proceeds from the issuance of the replacement notes on the Nov. 15, 2021, reset date. This CLO transaction securitizes a pool of primarily syndicated senior secured loans or bonds. LONDON (S&P Global Ratings) Nov. 15, 2021--S&P Global Ratings today assigned its credit ratings to Dunedin Park CLO DAC's class X-R, A-R, B-1-R, B-2-R, C-R, D-R, E-R, and F-R reset notes. At closing, the issuer had unrated subordinated notes outstanding from the existing transaction (see list above). The transaction is a reset of the existing Dunedin Park CLO, which closed

  
Brief Excerpt:

...- We have assigned ratings to Dunedin Park CLO DAC's reset notes. - The transaction is a reset of the already existing transaction. The existing classes of notes were fully redeemed with the proceeds from the issuance of the replacement notes on the Nov. 15, 2021, reset date. - This CLO transaction securitizes a pool of primarily syndicated senior secured loans or bonds. LONDON (S&P Global Ratings) Nov. 15, 2021--S&P Global Ratings today assigned its credit ratings to Dunedin Park CLO DAC's class X-R, A-R, B-1-R, B-2-R, C-R, D-R, E-R, and F-R reset notes. At closing, the issuer had unrated subordinated notes outstanding from the existing transaction (see list above). The transaction is a reset of the existing Dunedin Park CLO, which closed in September 2019. The issuance proceeds of the refinancing notes were used to redeem the refinanced notes (class A-1, A-2A, A-2B, B, C, and D notes of the original Dunedin Park CLO transaction), subordinated...

  
Report Type:

Ratings Action

Issuer
Dunedin Park CLO DAC
Sector
Structured Finance
Country
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Dunedin Park CLO DAC European Cash Flow CLO Reset Notes Assigned Ratings" Nov 15, 2021. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Dunedin-Park-CLO-DAC-European-Cash-Flow-CLO-Reset-Notes-Assigned-Ratings-2755511>
  
APA:
S&P Global Ratings’ Credit Research. (). Dunedin Park CLO DAC European Cash Flow CLO Reset Notes Assigned Ratings Nov 15, 2021. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Dunedin-Park-CLO-DAC-European-Cash-Flow-CLO-Reset-Notes-Assigned-Ratings-2755511>
  
US$ 150.00
$  £  €
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