MCF CLO IX Ltd./MCF CLO IX LLC Assigned Ratings

OVERVIEW MCF CLO IX Ltd./MCF CLO IX LLC's issuance is a CLO securitization backed by primarily middle market speculative-grade (rated 'BB+' and lower) senior secured term loans that are governed by collateral quality tests. We assigned our preliminary ratings to the class A-1 loans and the class A-1, A-2, 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) June 20, 2019--S&P Global Ratings today assigned its ratings to MCF CLO IX Ltd./ MCF CLO IX LLC's floating-rate notes and loans (see list). The note and loan issuance is collateralized loan obligation (CLO) securitization backed by primarily middle market

...OVERVIEW + MCF CLO IX Ltd./MCF CLO IX LLC's issuance is a CLO securitization backed by primarily middle market speculative-grade (rated '##+' and lower) senior secured term loans that are governed by collateral quality tests. + We assigned our preliminary ratings to the class A-1 loans and the class A-1, A-2, 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) June 20, 2019--S&P Global Ratings today assigned its ratings to MCF CLO IX Ltd./ MCF CLO IX LLC's floating-rate notes and loans (see list). The note and loan issuance is collateralized loan obligation (CLO) securitization backed by primarily middle market speculative-grade senior secured term loans that are governed by collateral quality tests. The ratings reflect our view of: + The diversified collateral pool; + The credit enhancement provided through the subordination of cash...

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