LCM XVIII L.P./LCM XVIII LLC Ratings Affirmed After The Transaction's Effective Date

OVERVIEW LCM XVIII L.P./LCM XVIII LLC's note issuance is backed by a revolving pool consisting primarily of broadly syndicated senior secured loans. We affirmed our ratings on the class A-1, A-2, B-1, B-2, C-1, C-2, D and E notes following the transaction's effective date as of April 2, 2015. The "effective date" for a CLO transaction is typically the earlier of the date on which the transaction acquires the target level of portfolio collateral and the date defined in the transaction documents. When requested, Standard&Poor's will analyze the information provided by the trustee to determine whether it believes a rating affirmation is appropriate. Historically, many CLO transaction documents contain provisions that require the trustee to request the rating

...OVERVIEW + LCM XVIII L.P./LCM XVIII LLC's note issuance is backed by a revolving pool consisting primarily of broadly syndicated senior secured loans. + We affirmed our ratings on the class A-1, A-2, B-1, B-2, C-1, C-2, D and E notes following the transaction's effective date as of April 2, 2015. + The "effective date" for a CLO transaction is typically the earlier of the date on which the transaction acquires the target level of portfolio collateral and the date defined in the transaction documents. + When requested, Standard & Poor's will analyze the information provided by the trustee to determine whether it believes a rating affirmation is appropriate. Historically, many CLO transaction documents contain provisions that require the trustee to request the rating agencies to affirm the closing date ratings within a certain time frame after the effective date has occurred. NEW YORK (Standard & Poor's) May 22, 2015--Standard & Poor's Ratings Services today affirmed its ratings on LCM XVIII...

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