Generate CLO 19 Ltd.'s issuance is a CLO securitization governed by investment criteria and consists primarily of broadly syndicated speculative-grade senior secured term loans. We assigned our ratings to the class A, B, C, D-1, D-2, D-3, and E debt and class A-L loans. The ratings reflect our view of the transaction's pool characteristics, credit enhancement, and legal structure, among other factors. NEW YORK (S&P Global Ratings) May 14, 2025--S&P Global Ratings today assigned its ratings to Generate CLO 19 Ltd./Generate CLO 19 LLC's fixed- and floating-rate debt (see list). The debt issuance is a CLO securitization governed by investment criteria and consists primarily of broadly syndicated speculative-grade (rated 'BB+' and lower) senior secured term loans. The transaction is managed