...OVERVIEW + Eaton Vance CLO 2020-1 Ltd.'s issuance is a CLO transaction backed by primarily broadly syndicated speculative-grade senior secured term loans that are governed by collateral quality tests. + We assigned our preliminary ratings to the class A, B, C, D, and E notes. + The preliminary ratings reflect our view of the transaction's credit enhancement and legal structure, among other factors. NEW YORK (S&P Global Ratings) Aug. 6, 2020--S&P Global Ratings today assigned its preliminary ratings to Eaton Vance CLO 2020-1 Ltd.'s floating-rate notes (see list). The note issuance is a CLO transaction backed by primarily broadly syndicated speculative-grade (rated '##+' and lower) senior secured term loans that are governed by collateral quality tests. The preliminary ratings are based on information as of Aug. 6, 2020. Subsequent information may result in the assignment of final ratings that differ from the preliminary ratings. The preliminary ratings reflect: + The diversified collateral...
