Dunedin Park CLO DAC (Dunedin CLO) is a European cash flow CLO managed by Blackstone/GSO Debt Funds Management Europe Ltd. (DFME). All classes are issued at a floating-rate spread, except class the A2B and B2 notes. The reinvestment period and stated maturity are approximately 4.5 years and 13.0 years from closing, respectively. The weighted-average life (WAL) test is 8.5 years from closing. The ratings assigned to Dunedin CLO's floating and fixed-rate notes reflect our assessment of: The diversified collateral pool, which consists primarily of broadly syndicated speculative-grade senior secured term loans and bonds that are governed by collateral quality tests. The credit enhancement provided through the subordination of cash flows, excess spread, and overcollateralization. The collateral manager's experienced team, which
