TCW CLO 2024-2 Ltd. refinanced its class X, A-1, A-1L, A-J, B, and C debt on Nov. 5, 2026, through an optional redemption and replacement debt issuance. After analyzing the changes to the transaction, we assigned our ratings to the replacement class X-R, A-1R, A-JR, B-R, and C-R debt. At the same time, we withdrew our ratings on the previous class X, A-1, A-1L, A-J, B, and C debt following payment in full. We also affirmed our ratings on the class D-1, D-J, and E debt, which were not refinanced. The ratings reflect our view of the credit support available to the refinanced debt after examining the transaction's new capital structure and payment mechanics. ENGLEWOOD (S&P Global Ratings) Nov. 5,
