...OVERVIEW + Parliament Funding II Ltd./Parliament Funding II LLC's issuance is a CLO securitization backed primarily by upper middle-market senior secured loans. + We assigned our preliminary ratings to the class A and B notes. + The preliminary ratings reflect our view of the transaction's diversified collateral pool, credit enhancement, and legal structure, among other factors. CENTENNIAL (S&P Global Ratings) July 20, 2020--S&P Global Ratings today assigned its preliminary ratings to Parliament Funding II Ltd./Parliament Funding II LLC's floating-rate notes (see list). The note issuance is a CLO securitization backed primarily by upper middle-market senior secured loans. The preliminary ratings are based on information as of July 20, 2020. Subsequent information may result in the assignment of final ratings that differ from the preliminary ratings. The preliminary ratings reflect our view of: + The diversification of the collateral pool, which consists of broadly syndicated and upper middle-market...
