MCF CLO IX Ltd. Notes Rated - S&P Global Ratings’ Credit Research

MCF CLO IX Ltd. Notes Rated

MCF CLO IX Ltd. Notes Rated - S&P Global Ratings’ Credit Research
MCF CLO IX Ltd. Notes Rated
Published Feb 10, 2022
5 pages (2095 words) — Published Feb 10, 2022
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

MCF CLO IX Ltd. refinanced its class A-1 loans and A-1, A-2, B, C, and D notes on Feb. 10, 2022, through an optional redemption and replacement note issuance. After analyzing the changes to the transaction, we assigned ratings to the replacement A-1-R loans and A-1-R, A-2-R, B-R, C-R, and D-R notes and withdrew our ratings on the original A-1 loans and A-1, A-2, B, C, and D notes, following payment in full. We also affirmed our ratings on the original class E notes, which were not refinanced. The ratings reflect our view of the credit support available to the refinanced notes after examining the new capital structure and payment mechanics. CENTENNIAL (S&P Global Ratings) Feb. 10, 2022--S&P Global Ratings

  
Brief Excerpt:

...- MCF CLO IX Ltd. refinanced its class A-1 loans and A-1, A-2, B, C, and D notes on Feb. 10, 2022, through an optional redemption and replacement note issuance. - After analyzing the changes to the transaction, we assigned ratings to the replacement A-1-R loans and A-1-R, A-2-R, B-R, C-R, and D-R notes and withdrew our ratings on the original A-1 loans and A-1, A-2, B, C, and D notes, following payment in full. We also affirmed our ratings on the original class E notes, which were not refinanced. - The ratings reflect our view of the credit support available to the refinanced notes after examining the new capital structure and payment mechanics. CENTENNIAL (S&P Global Ratings) Feb. 10, 2022--S&P Global Ratings today assigned its ratings to the class A-1-R loans and A-1-R, A-2-R, B-R, C-R, and D-R replacement notes from MCF CLO IX Ltd./MCF CLO IX LLC, a CLO originally issued in 2019 that is managed by Madison Capital Funding LLC. At the same time, we withdrew our ratings on the original...

  
Report Type:

Ratings Action

Issuer
MCF CLO IX Ltd.
Sector
Structured Finance
Country
Region
Latin America
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "MCF CLO IX Ltd. Notes Rated" Feb 10, 2022. Alacra Store. May 15, 2024. <http://www.alacrastore.com/s-and-p-credit-research/MCF-CLO-IX-Ltd-Notes-Rated-2794299>
  
APA:
S&P Global Ratings’ Credit Research. (). MCF CLO IX Ltd. Notes Rated Feb 10, 2022. New York, NY: Alacra Store. Retrieved May 15, 2024 from <http://www.alacrastore.com/s-and-p-credit-research/MCF-CLO-IX-Ltd-Notes-Rated-2794299>
  
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