...- Symphony CLO 36 Ltd.'s note issuance is a CLO securitization governed by investment criteria and 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, and E notes. - The ratings reflect our view of the collateral pool's diversification and the transaction's credit enhancement, pool characteristics, and legal structure, among other factors. NEW YORK (S&P Global Ratings) Sept. 27, 2022--S&P Global Ratings today assigned ratings to Symphony CLO 36 Ltd./Symphony CLO 36 LLC's floating- and fixed-rate notes (see list). The note issuance is a CLO securitization governed by investment criteria and backed primarily by broadly syndicated speculative-grade (rated '##+' or lower) senior secured term loans. The transaction is managed by Symphony Alternative Asset Management LLC. The ratings reflect our view of: - The collateral pool's diversification; - The credit enhancement provided through subordination,...
