...OVERVIEW + LCM 26 Ltd./LCM 26 LLC's issuance is a CLO securitization backed by primarily broadly syndicated speculative-grade senior secured term loans that are governed by collateral quality tests. + We assigned our preliminary ratings to the class X, A-1, 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. NEW YORK (S&P Global Ratings) Dec. 22, 2017--S&P Global Ratings today assigned its preliminary ratings to LCM 26 Ltd./LCM 26 LLC's $555 million floating-rate notes (see list). The note issuance is a collateralized loan obligation securitization backed by primarily broadly syndicated speculative-grade senior secured term loans that are governed by collateral quality tests. The preliminary ratings are based on information as of Dec. 22, 2017. Subsequent information may result in the assignment of final ratings that differ from the preliminary ratings....
