...- Sculptor CLO XXXV Ltd.'s issuance is a CLO securitization backed primarily by broadly syndicated speculative-grade senior secured term loans. - We assigned our ratings to the class A-1, A-2, B-1, B-2, C, D-1A, D-1B, D-2, and E debt. - The ratings reflect our view of the transaction's pool characteristics, credit enhancement, and legal structure, among other factors. NEW YORK (S&P Global Ratings) May 7, 2025--S&P Global Ratings today assigned its ratings to Sculptor CLO XXXV Ltd./Sculptor CLO XXXV LLC's fixed- and floating-rate debt (see list). The debt issuance is a CLO securitization backed primarily by broadly syndicated speculative-grade (rated '##+' and lower) senior secured term loans. The transaction is managed by Sculptor CLO Advisors LLC. The ratings reflect our view of: - The diversification of the collateral pool; - The credit enhancement provided through subordination, excess spread, and overcollateralization; - The experience of the collateral manager's team, which can affect...
