Oaktree CLO 2026-35 Ltd.'s debt issuance is a CLO securitization governed by investment criteria and backed primarily by broadly syndicated speculative-grade senior secured term loans. We assigned our ratings to the class A, B, C-1, C-2, D-1, D-2, and E notes and class A loans. The ratings reflect our view of the transaction's pool characteristics, credit enhancement, and legal structure, among other factors. ENGLEWOOD (S&P Global Ratings) Nov. 6, 2026--S&P Global Ratings today assigned its ratings to Oaktree CLO 2026-35 Ltd. /Oaktree CLO 2026-35 LLC's floating-rate debt (see list). The debt issuance is a CLO securitization governed by investment criteria and backed primarily by broadly syndicated speculative-grade (rated'BB+'or lower) senior secured term loans. The transaction is managed by
