...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 ratings to the class X, A-1, B, C, D, and E notes. + The 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) Jan. 23, 2018--S&P Global Ratings today assigned its 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 ratings reflect our view of: + The diversified collateral pool, which consists primarily of broadly syndicated speculative-grade senior secured term loans that are governed by collateral quality tests. + The credit enhancement...
