RAD CLO 26 Ltd.'s issuance is a CLO transaction backed primarily by broadly syndicated speculative-grade senior secured term loans. We assigned our preliminary ratings to the class A, B-1, B-2, C, D-1, D-2, and E debt. The preliminary ratings reflect our view of the transaction's diversified collateral pool, credit enhancement, and legal structure, among other factors. NEW YORK (S&P Global Ratings) Aug. 23, 2024--S&P Global Ratings today assigned its preliminary ratings to RAD CLO 26 Ltd./RAD CLO 26 LLC's floating- and fixed-rate debt (see list). The debt issuance is a CLO transaction backed primarily by broadly syndicated speculative-grade (rated 'BB+' and lower) senior secured term loans. The preliminary ratings are based on information as of Aug. 23, 2024. Subsequent information
