...May 7, 2021 Overview - Magnetite XXII Ltd./Magnetite XXII LLC, which, based on its supplemental indenture, refinanced its A-1, B, C, D, and E notes on May 7, 2021, through an optional redemption and replacement note issuance. - After analyzing the changes to the transaction, we assigned our ratings to the replacement class A-R, B-R, C-R, D-R, and E-R notes and withdrew our ratings on the original class A-1, B, C, D, and E notes following payment in full. - The ratings reflect our view of the credit support available to the refinanced notes after examining the new and lower spreads, which reduce the transaction's overall cost of funding. NEW YORK (S&P Global Ratings) May 7, 2021--S&P Global Ratings today assigned its ratings to the class A-R, B-R, C-R, D-R, and E-R replacement notes from Magnetite XXII Ltd./Magnetite XXII LLC, a CLO originally issued in May 2019 that is managed by BlackRock Financial Management Inc. At the same time, we withdrew our ratings on the original class A-1, A-2,...