...- 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 ratings to the class A-1, A-2, B, C, D, and E debt. - 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. CHICAGO (S&P Global Ratings) Jan. 22, 2024--S&P Global Ratings today assigned its 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 ratings reflect our view of: - The diversification of the collateral pool; - The credit enhancement provided through subordination, excess spread,...
