...OVERVIEW + Magnetite XXII Ltd./Magnetite XXII LLC's note issuance is a CLO transaction backed by broadly syndicated speculative-grade senior secured term loans. + We assigned our preliminary ratings to the class A-1, B, C, D, and E notes. + The preliminary ratings reflect our view of the transaction's diversified collateral pool, credit enhancement, pool characteristics, and legal structure, among other factors. CENTENNIAL (S&P Global Ratings) April 4, 2019--S&P Global Ratings today assigned its preliminary ratings to Magnetite XXII Ltd./Magnetite XXII LLC's floating-rate notes (see list). The note issuance is a collateralized loan obligation (CLO) transaction backed by broadly syndicated speculative-grade (rated '##+' and lower) senior secured term loans managed by BlackRock Financial Management Inc., a subsidiary of BlackRock Inc. This is BlackRock Financial Management Inc.'s first CLO in 2019, which will bring its total CLO assets under management (AUM) to $7.25 billion. The preliminary...