...- Trinitas CLO XXVI 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 preliminary ratings to the class A-1, A-2, B, C, D, and E debt. - The preliminary ratings reflect our view of the collateral pool's diversification and the transaction's credit enhancement, pool characteristics, and legal structure, among other factors. CHICAGO (S&P Global Ratings) Jan. 18, 2024--S&P Global Ratings today assigned its preliminary ratings to Trinitas CLO XXVI Ltd./Trinitas CLO XXVI LLC's floating-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 Trinitas Capital Management LLC. The preliminary ratings are based on information as of Jan. 18, 2024. Subsequent information may result in the assignment...
