...- We reviewed Eaton Vance CLO 2020-1 Ltd., which, based on its proposed supplemental indenture, is expected to refinance its class A-R, B-R, C-R, D-R, and E-R debt on Aug. 8, 2024, through an optional redemption and replacement debt issuance. - After analyzing the changes to the transaction, we assigned our preliminary ratings to the replacement class A-RR, B-RR, C-RR, D-1RR, and E-RR debt and the proposed new class D-2 debt. The September 2021 debt is expected to be fully redeemed with the proceeds from the replacement debt on the refinancing date. - The preliminary ratings reflect our view of the credit support available to the refinanced debt after examining the new capital structure and payment mechanics. ENGLEWOOD (S&P Global Ratings) Aug. 1, 2024--S&P Global Ratings today assigned its preliminary ratings to the class A-RR, B-RR, C-RR, D-1RR, and E-RR replacement debt and proposed new class D-2 debt from Eaton Vance CLO 2020-1 Ltd./Eaton Vance CLO 2020-1 LLC, a CLO managed by Eaton...
