Elmwood CLO XII Ltd./Elmwood CLO XII LLC Debt Assigned Preliminary Ratings - S&P Global Ratings’ Credit Research

Elmwood CLO XII Ltd./Elmwood CLO XII LLC Debt Assigned Preliminary Ratings

Elmwood CLO XII Ltd./Elmwood CLO XII LLC Debt Assigned Preliminary Ratings - S&P Global Ratings’ Credit Research
Elmwood CLO XII Ltd./Elmwood CLO XII LLC Debt Assigned Preliminary Ratings
Published Nov 22, 2021
4 pages (1680 words) — Published Nov 22, 2021
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

Elmwood CLO XII Ltd.'s note issuance is a CLO transaction backed by broadly syndicated speculative-grade senior secured term loans. We assigned our preliminary ratings to the A-L loans and the class A, B, C, D, E, and F 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) Nov. 22, 2021--S&P Global Ratings today assigned its preliminary ratings to Elmwood CLO XII Ltd./Elmwood CLO XII LLC's floating-rate notes (see list). The note issuance is a CLO securitization governed by investment criteria and backed primarily by broadly syndicated speculative-grade (rated 'BB+' or lower) senior secured term loans. The transaction is managed by Elmwood Asset Management LLC. The preliminary

  
Brief Excerpt:

...- Elmwood CLO XII Ltd.'s note issuance is a CLO transaction backed by broadly syndicated speculative-grade senior secured term loans. - We assigned our preliminary ratings to the A-L loans and the class A, B, C, D, E, and F 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) Nov. 22, 2021--S&P Global Ratings today assigned its preliminary ratings to Elmwood CLO XII Ltd./Elmwood CLO XII LLC's floating-rate notes (see list). The note issuance is a CLO securitization governed by investment criteria and backed primarily by broadly syndicated speculative-grade (rated '##+' or lower) senior secured term loans. The transaction is managed by Elmwood Asset Management LLC. The preliminary ratings are based on information as of Nov. 22, 2021. Subsequent information may result in the assignment of final ratings that differ from the preliminary ratings. The preliminary ratings reflect: - The...

  
Report Type:

Ratings Action

Issuer
Elmwood CLO XII Ltd.
Sector
Structured Finance
Country
Cayman Islands
Region
Latin America
Format:
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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. "Elmwood CLO XII Ltd./Elmwood CLO XII LLC Debt Assigned Preliminary Ratings" Nov 22, 2021. Alacra Store. Nov 06, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Elmwood-CLO-XII-Ltd-Elmwood-CLO-XII-LLC-Debt-Assigned-Preliminary-Ratings-2760239>
  
APA:
S&P Global Ratings’ Credit Research. (). Elmwood CLO XII Ltd./Elmwood CLO XII LLC Debt Assigned Preliminary Ratings Nov 22, 2021. New York, NY: Alacra Store. Retrieved Nov 06, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Elmwood-CLO-XII-Ltd-Elmwood-CLO-XII-LLC-Debt-Assigned-Preliminary-Ratings-2760239>
  
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