...- We reviewed our ratings on five classes of notes from Columbia Cent CLO 28 Ltd., a U.S. cash flow CLO transaction. - We lowered our rating on the class D notes and removed the rating from CreditWatch with negative implications. We also affirmed our ratings on the class A-1-R, A-2-R, B-R, and C notes. - The downgrade reflects the insufficient credit support for the class D notes at the prior rating level. The affirmations reflect our view that the credit support available to those classes is commensurate with the assigned ratings. New York (S&P Global Ratings) July 18, 2023--S&P Global Ratings today lowered its rating on the class D notes from Columbia Cent CLO 28 Ltd., a U.S. cash flow CLO transaction managed by Columbia Management Investment Advisers LLC. At the same time, we removed the rating from CreditWatch, where it was placed with negative implications on April 21, 2023, based on its performance. We also affirmed our ratings on the class A-1-R, A-2-R, B-R, and C notes from the...