...- TCW CLO 2024-2 Ltd.'s debt 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 X, A-1, A-1L, A-J, B, C, D-1, D-J, and E debt. - The ratings reflect our view of the transaction's diversified collateral pool, credit enhancement, and legal structure, among other factors. SAN FRANCISCO (S&P Global Ratings) Aug. 23, 2024--S&P Global Ratings today assigned its ratings to TCW CLO 2024-2 Ltd./TCW CLO 2024-2 LLC's floating- and fixed-rate debt (see list). The debt 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 TCW Asset Management Co. LLC, a subsidiary of The TW Group Inc. The ratings reflect our view of: - The diversification of the collateral pool; - The credit enhancement provided through subordination,...
