HPS Private Credit CLO 2026-4 LLC's debt issuance is a CLO securitization governed by investment criteria and backed primarily by middle market speculative-grade senior secured term loans. We assigned our ratings to the class A-1, A-2, B, C, D-1, D-2, and E debt. The ratings reflect our view of the transaction's pool characteristics, credit enhancement, and legal structure, among other factors. ENGLEWOOD (S&P Global Ratings) Oct. 28, 2026--S&P Global Ratings today assigned its ratings to HPS Private Credit CLO 2026-4 LLC's floating-rate debt (see list). The debt issuance is a CLO securitization governed by investment criteria and backed primarily by middle market speculative-grade (rated'BB+'or lower) senior secured term loans. The transaction is managed by HPS Investment Partners
