OVERVIEW LCM XVII L.P./LCM XVII LLC's issuance is a CLO transaction backed by a revolving pool consisting primarily of broadly syndicated senior secured loans. We assigned our preliminary ratings to the class A-1, A-2, B-1, B-2, C-1, C-2, D, and E notes. The preliminary ratings reflect our view of the transaction's credit enhancement, legal structure, and diversified portfolio, among other factors. CENTENNIAL (Standard&Poor's) Feb. 20, 2015--Standard&Poor's Ratings Services today assigned its preliminary ratings to LCM XVIII L.P./LCM XVIII LLC's $552.00 million fixed- and floating-rate notes (see list). The note issuance is a collateralized loan obligation transaction backed by a revolving pool consisting primarily of broadly syndicated senior secured loans. The preliminary ratings are based on information
