...- Madison Park Funding XLIX Ltd. refinanced its class A, B-1, C, D, and E debt on March 6, 2025, through an optional redemption and replacement debt issuance. - After analyzing the changes to the transaction, we assigned ratings to the replacement class A-R, B-1-R, C-R, D-R, and E-R debt. At the same time, we withdrew our ratings on the original class A, B-1, C, D, and E debt following payment in full. We also affirmed our rating on the class B-2 debt, which was not refinanced. - The ratings reflect our view of the credit support available to the refinanced debt after examining the new capital structure and payment mechanics. NEW YORK (S&P Global Ratings) March 6, 2025--S&P Global Ratings today assigned its ratings to the class A-R, B-1-R, C-R, D-R, and E-R replacement debt from Madison Park Funding XLIX Ltd./Madison Park Funding XLIX LLC, a CLO originally issued in November 2021 that is managed by UBS Asset Management (Americas) LLC. At the same time, we withdrew our ratings on the original...
