...OVERVIEW + Neuberger Berman Loan Advisers CLO 35 Ltd.'s issuance is a CLO transaction backed by primarily broadly syndicated speculative-grade senior secured term loans that are governed by collateral quality tests. + We assigned our preliminary ratings to the class A-1, A-2, B-I, B-P, C, D, and E notes. + The preliminary ratings reflect our view of the transaction's credit enhancement and legal structure, among other factors. CENTENNIAL (S&P Global Ratings) Dec. 10, 2019--S&P Global Ratings today assigned its preliminary ratings to Neuberger Berman Loan Advisers CLO 35 Ltd.' s floating- and fixed-rate notes (see list). The note issuance is a collateralized loan obligation (CLO) transaction backed by primarily broadly syndicated speculative-grade senior secured term loans that are governed by collateral quality tests. The preliminary ratings are based on information as of Dec. 10, 2019. Subsequent information may result in the assignment of final ratings that differ from the preliminary...
