Owl Rock CLO XXVII LLC's debt issuance is a CLO securitization governed by investment criteria and backed primarily by middle market speculative-grade senior secured term loans. We assigned our preliminary ratings to the class A, A-L-A loans, A-L-B loans, B, and C debt. The preliminary 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 preliminary ratings to Owl Rock CLO XXVII LLC's fixed- and floating-rate debt (see list). The debt issuance is a CLO securitization governed by investment criteria and backed primarily by middle market speculative-grade (rated'BB+'or lower) senior secured term loans. The transaction is managed by
