...- Empower CLO 2023-1 Ltd.'s note issuance is a CLO securitization governed by investment criteria and backed primarily by broadly syndicated speculative-grade senior secured term loans. - 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 diversified collateral pool, credit enhancement, and legal structure, among other factors. ENGLEWOOD (S&P Global Ratings) April 18, 2023--S&P Global Ratings today assigned its preliminary ratings to Empower CLO 2023-1 Ltd./Empower CLO 2023-1 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 Empower Capital Management LLC. The preliminary ratings are based on information as of April 18, 2023. Subsequent information may result in the assignment of final ratings that differ...
