...- Monroe Capital MML CLO XI Ltd.'s issuance is a CLO securitization backed by primarily middle market speculative-grade senior secured term loans that are governed by collateral quality tests. - We assigned our preliminary ratings to the class B-1, B-2, C, D, and E notes. - The preliminary ratings reflect our view of the transaction's credit support and legal structure, among other factors. NEW YORK (S&P Global Ratings) May 5, 2021--S&P Global Ratings today assigned its preliminary ratings to Monroe Capital MML CLO XI Ltd.'s fixed- and floating-rate notes (see list). The note 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. The preliminary ratings are based on information as of May 5, 2021. Subsequent information may result in the assignment of final ratings that differ from the preliminary ratings. The preliminary ratings reflect our view of: - The diversification...
