...OVERVIEW + We affirmed our ratings on the class A-1, A-2, B, C, D, E, and combination notes from OCP CLO 2014-5 Ltd. + The affirmed ratings reflect our belief that the credit support available is commensurate with the current rating levels. NEW YORK (S&P Global Ratings) Aug. 29, 2017--S&P Global Ratings today affirmed its ratings on the class A-1, A-2, B, C, D, E, and combination notes from OCP CLO 2014-5 Ltd., a U.S. collateralized loan obligation transaction that closed in March 2014 and is managed by Onex Credit Partners LLC (see list). Today's rating actions follow our review of the transaction's performance using data from the July 2017 trustee report. The transaction is scheduled to remain in its reinvestment period until April 2018. Since the transaction's effective date, the trustee-reported collateral portfolio's weighted average life has decreased to 4.70 years from 5.44 years. This seasoning has decreased the overall credit risk profile. In addition, the number of obligors in...
