Kohlberg Credit CLO 2025-1 LLC's issuance is a CLO securitization governed by investment criteria and consists primarily of middle market speculative-grade senior secured term loans. We assigned our preliminary ratings to the class A, A-L, B, C-1, and C-2 debt. The preliminary ratings reflect our view of the transaction's pool characteristics, credit enhancement, and legal structure, among other factors. ENGLEWOOD (S&P Global Ratings) May 12, 2025--S&P Global Ratings today assigned its preliminary ratings to Kohlberg Credit CLO 2025-1 LLC's fixed- and floating-rate debt (see list). The debt issuance is a CLO securitization governed by investment criteria and consists primarily of middle market speculative-grade (rated 'BB+' and lower) senior secured term loans. The transaction is managed by Kohlberg&Co. LLC.
